Daily Market Commentary Flash Note 3 June 2020

Fixed Income

A global risk rally supports ZAR and SAGBs, R186 the outperformer, yields lower across the curve, but curve begins to steepen

Currencies

The rand posts gains towards the 17.0000 level

Commodities

Oil rose to a near three-month high; Gold prices dipped

Equities

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

Economics

Global markets rebound as world economies move to reopen and renewed trade-war fears are cast aside

 

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

61DC3698-D7D5-4282-A945-3F12A458427E

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

For more info, get in touch with us here

By | 2020-06-22T10:03:51+02:00 June 3rd, 2020|Markets and Research|0 Comments

Leave A Comment