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

Retail Sales

–/-20.6%/-9.2%

Expected to contract by 15% on a monthly basis

04/06

Electricity Production

–/–/-4.1%

Electricity expected to show negative growth on an annual basis

05/06

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

Source: Nedbank

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