Daily Market Commentary Flash Note – 6 May 2021

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.
DateRegionEventActual/Expected/PriorImplications
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 | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.

By | 2021-06-02T11:44:22+02:00 May 6th, 2021|Markets and Research|0 Comments

Leave A Comment