Daily Market Commentary Flash Note – 2 July 2020

Currencies

The rand stages a minor recovery towards the 17.0000 level.

Commodities

Gold held a decline after positive coronavirus vaccine developments.

Equities

All eyes are on the US monthly jobs report.

 

Date Region Event Actual/Expected/Prior Implications
01/07 SA Manufacturing PMI 53.9/49.8/50.2

June PMI rises to 53.9.

02/07 US Unemployment

–/12.4%/13.3%

June unemployment rate expected to improve to 12.4%.

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

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Source: Nedbank

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By | 2020-07-02T13:16:08+02:00 July 2nd, 2020|Markets and Research|0 Comments

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