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Market Commentary: March 2021
Global Market Themes: Global equities higher on vaccine hopes Biden’s stimulus bill and infrastructure plan steady markets, despite rising Treasury-bill yields Federal Reserve Bank foresees no rate hikes until 2023 Additional lockdown restrictions loom in Europe, but stocks rally SA Market Themes: Better than expected outlook for SA growth, and GDP expands by 6.3% q/q in final quarter SA Corporates show improved performance Local bonds do not escape global jitters Sharp increase in energy prices in April Limited additional restrictions for Easter break, boon to local business
16 Mar 2021
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