Currencies The rand holds steady around the 14.2500 level in limited-activity sessions.
CommoditiesBenchmark crude oil prices have risen sharply as OPEC+ continued its Mexican stand-off; Gold closed in on $1,800 per ounce.
EquitiesEuropean equities climbed as investors weighed the prospects of an economic recovery against Covid-19 risks, in addition to digesting UK corporate deal news.
EconomicsEurozone Services PMI rose to 58.3; China Services PMI slowed to 50.3 points; Japan Services PMI rose to 48.0.
06/07EZRetail Sales–/4.2%/-3.1%Retail sales expected to pick up in May after slumping by 3.1% in April.
06/07USISM Services Index–/63.5/64.0Better employment opportunities and increased vaccinations which supports business conditions.
09/07UKGDP–/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 | | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.