Daily Market Commentary Flash Note 1 June 2020

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Daily Market Commentary 1 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

 

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

Date Region Event Actual/Expected/Prior Implications
01/06 All regions Manufacturing PMI PMI expected to improve marginally in all major regions
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%
01/06 All regions Manufacturing PMI PMI expected to improve marginally in all major regions
04/06 SA Electricity production –/–/-4.1% Electricity expected to show negative growth on an annual basis

Source: Nedbank

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By | 2020-06-22T10:04:12+02:00 June 1st, 2020|Markets and Research|0 Comments

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