| Currencies | The rand recovers from its worst levels as US unemployment disappoints. |
| Commodities | Brent crude oil remains above $76 per barrel; Gold is moving back towards $1,790 per ounce. |
| Equities | China’s probes into internet security companies sees Asian tech names selling off, which would weigh on NPN/PRX at the start. All eyes on OPEC+ discussions as talks extend to today. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 02/07 | EZ | PPI | 9.6%/9.6%/7.6% | Main drivers of the PPI were energy and intermediate goods. |
| 06/07 | EZ | Retail Sales | –/4.2%/-3.1% | Retail sales expected to pick up in May after slumping by 3.1% in April. |
| 06/07 | US | ISM Services Index | –/63.5/64.0 | Better employment opportunities and increased vaccinations which supports business conditions. |
| 09/07 | UK | GDP | –/3.9%/1.5% | Economy expected to grow by 3.9% q/q, supported by the re-opening of the hospitality sector. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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