Currencies The rand finds some support to trade back towards the 14.30 level.
CommoditiesBrent crude oil remains above $69 per barrel.
EquitiesAsian markets return from holidays, and growth over value persists.
05/05USADP Employment Change742k/850k/565kEmployment improved due to more relaxed Covid-19 related restrictions and successful roll out of vaccinations. Employment in the hospitality and leisure industry added the most jobs, rising by 237k.
05/05USMarkit Services PMI64.7/63.1/63.1Services PMI improved to 64.7 points, driven by the reopening of the economy as more people are vaccinated.
05/06UKBOE Rate–/0.1%/0.1%Rate expected to be on hold.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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