| Currencies | The rand finds some support to trade back towards the 14.30 level. |
| Commodities | Brent crude oil remains above $69 per barrel. |
| Equities | Asian markets return from holidays, and growth over value persists. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 05/05 | US | ADP Employment Change | 742k/850k/565k | Employment 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. |
| 05/05 | US | Markit Services PMI | 64.7/63.1/63.1 | Services PMI improved to 64.7 points, driven by the reopening of the economy as more people are vaccinated. |
| 05/06 | UK | BOE 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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