Daily Market Commentary Flash Note – 9 April 2021

CurrenciesThe rand fails to consolidate gains below the 14.50 level again.
Commodities Benchmark crude oil prices were little changed; Gold remained above $1,750 per ounce.
EquitiesChina PPI soured the mood this morning, despite the US making new highs last night after Powell’s comments reassured investors there was no need to worry about rising inflation.
EconomicsSA Manufacturing output disappoints in February.
DateRegionEventActual/Expected/PriorImplications
04/08SAManufacturing Production-2.1%/-0.3%/-4.2%Driven by contractions in petroleum and chemicals production, as well as basic iron and steel, and furniture.
04/09USPPI–/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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By | 2021-04-20T18:42:39+02:00 April 9th, 2021|Markets and Research|0 Comments

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