| Currencies | The rand holds steady at the recent lows. |
| Commodities | Crude oil contracts marginally weaker; Gold steadied. |
| Equities | The JSE retraces Tuesday’s solid gains, weighed by NPN and PRX, while global markets end little changed. |
| Economics | SA business confidence marginally lower in March, but well above pre-COVID average. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 04/07 | SA | SACCI Business Confidence | –/94.0/94.5 | Concerns over weak economic activity, lower export volumes and metal prices, and higher real financing cost. |
| 04/07 | EZ | Composite PMI | 53.2/52.5/52.5 | Driven by a higher manufacturing PMI. |
| 04/07 | UK | Composite PMI | 56.4/56.6/56.6 | Sharp increase in the manufacturing PMI. |
| 04/08 | SA | Manufacturing Production | –/-0.3%/-3.4% | Expected to contract on an annual basis as indicated by the manufacturing PMI. |
| 04/09 | US | PPI | –/2.7%/2.2% | March producer prices expected to increase by 2.7% on an annual basis. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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