Daily Market Commentary Flash Note - 3 July

Currencies

Rand dips and holds below 17.0000.

Commodities

Oil slipped but remained on track for a weekly gain.

Equities

Encouraging global economic data and hopes of a COVID-19 vaccine boost market sentiment.

Date	Region	Event	Actual/Expected/Prior	Implications
02/07	US	Unemployment	11.1%/12.5%/13.3%	June unemployment rate 11.1% better than expectations for 12.5%.

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

Source: Nedbank

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Daily Market Commentary Flash Note – 3 July