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Daily Market Commentary 1 June 2020.

Fixed IncomeSAGB yield curve bear steepens as month-end flows into the back end soften, front end yields marginally lower
CurrenciesSA goes into level 3 of lockdown
CommoditiesOil steadied after a fifth weekly gain; Gold increased
EquitiesKeep an eye on PRX, which missed accelerated inclusion in the STOXX 50
EconomicsSAGB yield curve bear steepens as month-end flows into the back end soften, front end yields marginally lower

 

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

DateRegionEventActual/Expected/PriorImplications
01/06All regionsManufacturing PMIPMI expected to improve marginally in all major regions
04/06SAElectricity production–/–/-4.1%Electricity expected to show negative growth on an annual basis
05/06USUnemployment rate–/19.6%/14.7%May unemployment expected to edge up 20%
01/06All regionsManufacturing PMIPMI expected to improve marginally in all major regions
04/06SAElectricity production–/–/-4.1%Electricity expected to show negative growth on an annual basis

Source: Nedbank

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