Daily Market Commentary Flash Note – 12 May 2021

Currencies The rand again fails to consolidate gains sub-14.0000.
CommoditiesBrent crude oil is hovering just above $68 per barrel.
EquitiesA painful end to the session, with the Top40 losing 1.75%.
EconomicsSA manufacturing output sharply higher in March.
DateRegionEventActual/Expected/PriorImplications
05/11SAManufacturing Production4.6%/1.1%/-2.5%Driven by food and beverages and motor vehicles and parts.
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 | 2021-06-02T11:52:00+02:00 May 12th, 2021|Markets and Research|0 Comments

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