|Currencies||The rand loses ground and market focus shifts to US data.|
|Commodities||Benchmark crude oil contracts are little changed while gold and platinum are having a decent start for the month of July.|
|Equities||The S&P 500 Index closed at an all-time high for a sixth consecutive day, as value and cyclical sectors recovered some strength following a rotation into tech and growth stocks in June.|
|01/07||SA||Absa manufacturing PMI||57.4/56.0/57.8||Manufacturing PMI came in slightly stronger than consensus.|
|01/07||US||Initial Jobless claims||364k/388k/411k||Jobless claims came in lower than expected, however doesn’t really paint a positive picture since it is uncertain whether those who no longer claim are in fact now employed.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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