Daily Market Commentary Flash Note – 10 May 2021

Currencies A faltering USD sees the rand trade towards the 14.0000 level.
CommoditiesBrent crude oil remains above $68,50 per barrel; Gold is better bid as are PGM’s.
EquitiesTop40 +1.41%; significantly-weaker-than-expected jobs data shocked investors.
DateRegionEventActual/Expected/PriorImplications
05/11SAManufacturing Production–/0.7%/-2.1%Production expected to increase by 0.7%y/y in March, given more relaxed COVID-19 restrictions.
05/12USCPI–/3.6%/2.6%Increased energy prices.
05/13USPPI–/5.8%/4.2%Increases in prices driven by supply chain disruptions.
05/13SAMining production–/15.8%/0.8%Mining production expected to increase by 15.8%y/y, supported by increased industrial activity and commodity prices.
05/14USRetail sales–/1.0%/9.8%Supported by increased sales in the automotive sector as well as spending at restaurants.

Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091

Source: Nedbank

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By | 2021-06-02T11:44:19+02:00 May 10th, 2021|Markets and Research|0 Comments

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