Daily Market Commentary Flash Note 2 June 2020

Fixed Income

SAGB yield curve bear steepens as month-end flows into the back end soften, front end yields marginally lower

Currencies

SA goes into level 3 of lockdown

Commodities

Oil steadied after a fifth weekly gain; Gold increased

Equities

Keep an eye on PRX, which missed accelerated inclusion in the STOXX 50

Economics

SAGB yield curve bear steepens as month-end flows into the back end soften, front end yields marginally lower

Date Region Event Actual/Expected/Prior Implications
04/06 SA

Electricity production

– –/–/-4.1% Electricity expected to show negative growth on an annual basis
05/06 US Unemployment rate  –/19.6%/14.7% May unemployment expected to edge up 20%

 

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

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Source: Nedbank

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By | 2020-06-22T10:03:59+02:00 June 2nd, 2020|Markets and Research|0 Comments

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