| Currencies | The rand finds support as US data disappoints. |
| Commodities | Brent crude oil now back below $71 per barrel; Gold has remained below $1,900 per ounce. |
| Equities | Most Asian stocks slip lower as investors await more clues on whether the recovery from the pandemic will stoke price pressures and imperil loose monetary policy. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 06/08 | SA | GDP | –/-3.0%/-4.1% | GDP expected to contract by -3%y/y in 1Q21. |
| 06/09 | SA | SACCI Business Confidence | –/–/94.0 | Business confidence for May expected to improve given strong global demand and sales as well as recovering local demand. |
| 06/10 | SA | Current Account Balance | –/183b/198b | Current account expected to maintain a surplus. |
| 06/10 | SA | Manufacturing Production | –/88.5%/4.6% | Driven by a lower base last year, given the lockdown restrictions. On a monthly basis manufacturing production is expected to rise by 0.5%. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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