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The Efficient Group reports that telecommunication provider, Telkom (+3.63%) rallied ahead of its results being released today.

At the same timethe world’s largest precious metals producer, Gold Fields (-6.16%) crashed following the sale of part of Harmony’s stake in the company. Harmony continued to sell some of the 56 606 482 shares they bought as a result of its takeover bid.

The rand lost 29 cents and 22 cents against the dollar and euro respectively during last week’s trading. The gold price (+0.07%) remained flat. The oil price (+3.22%) found another reason to rise as it scrambled by 8.55% from last week Monday.

US non-farm payrolls grew by 78k in May, below the market consensus of 185k. The technology laced Nasdaq (-1.26%) was the biggest loser after the disappointing data was released. The depressing US employment figures manipulated the European stock markets to close lower on Friday; the CAC 40 (-0.52%) took the biggest blow.

Currently the Japanese (-0.56%) stocks are sliding - blue chip stock like Honda Motor Co. and Sony Corp. are slumping. The manufacturing, in conjunction with the MPC data due on Thursday will most likely be the focus of investors this week.