Daily Market Commentary Flash Note – 4 May 2021

Currencies The rand manages a minor recovery in quiet markets.
CommoditiesBenchmark crude oil prices are little changed; Gold has fallen back below $1,790 per ounce.
EquitiesTop40 closed -0.5%, trading subdued with London being closed.
DateRegionEventActual/Expected/PriorImplications
05/03SAAbsa Manufacturing PMI–/–/57.4SA’s manufacturing PMI fell to 56.2 points in April, from 57.4 in March.
05/06USMarkit US Manufacturing PMI60.5/60.7/60.6PMI rose to 60.5 in April, from 59.1 in March.
05/06UKBOE Rate–/0.1%/0.1%Rate expected to be on hold.

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

Source: Nedbank

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By | 2021-06-02T14:16:52+02:00 May 4th, 2021|Markets and Research|0 Comments

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