Daily Market Commentary Flash Note – 4 June 2021

Currencies The rand retreats from its best levels beyond 13.5000 as the markets await the US data today.
CommoditiesGold has retreated to trade back below $1,870 per ounce.
EquitiesJALSH -1.8%; The Stoxx Europe 600 Index closed 0.1% lower; US stocks came under pressure on Thursday; Asia stocks slipped.
DateRegionEventActual/Expected/PriorImplications
06/04UKMarkit Services PMI62.9/61.8/61.0Improved business and consumer sentiment.
06/04USMarkit Services PMI70.4/70.1/64.7With COVID-19 restrictions being eased and more Americans being vaccinated, more services could be offered to customers, translating into stronger customer demand and an increase in new orders.

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

Source: Nedbank

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By | 2021-06-07T11:26:22+02:00 June 4th, 2021|Markets and Research|0 Comments

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