Today we are taking a look at:

  • Not a lot of change over the weekend with risk still trading well post-NFP, global risk appetite remains the driver of SA bond market
  • USDZAR holds steady, majors upbeat as dollar eases overnight
  • Gold continues to decline; oil loses almost $2/bbl. as US production beats estimates
  • US jobs data along with Italy forming a government lift global sentiment
  • Global PMI data mixed, US beats expectations; SA PMI sharply lower as a result of a decline in business activity; US labour market data surprises to the upside in May
DailyMarketCommentary180604

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