Daily Market Commentary Flash Note 4 June 2020

Currencies

Rand holds below 17.0000

Commodities

Oil prices lower, reversing gains in the previous session; Gold steadied

Equities

Equity markets extended gains as optimism about a quick economic recovery strengthened

 

Date Region Event Actual/Expected/Prior Implications
04/06 EZ Retail Sales

–/-20.6%/-9.2%

Expected to contract by 15% on a monthly basis

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 | 2020-07-14T14:28:35+02:00 June 4th, 2020|Markets and Research|0 Comments

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