Daily Market Commentary Flash Note – 7 May 2021

Currencies The rand posts decent gains as USD sellers prevail.
CommoditiesBrent crude oil has moved back above $68.50 per barrel; Gold and PGM’s have recovered.
EquitiesCommodities are stronger across the board after a strong set of export data from China, which has led to some risk-on action into the weekend.
EconomicsBOE Rate unchanged; Retail Sales in the Eurozone grew by 2.7% m/m in March.
DateRegionEventActual/Expected/PriorImplications
05/06EZRetail Sales12%/9.4%/-1.5%On an annual basis, retail sales increased by 12%, compared to -1.5% previously.
05/06UKBOE Rate0.1%/0.1%/0.1%Rates 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 | 2021-06-02T15:36:32+02:00 May 7th, 2021|Markets and Research|0 Comments

Leave A Comment