Daily Market Commentary Flash Note – 14 May 2021

Currencies The foreign exchange markets remain cautious as uncertainty prevails.
CommoditiesBenchmark crude oil contracts retreated overnight.
EquitiesTop40 -2.1%; It was a painful session, which saw the market open lower and trade sideways from there.
05/13SAMining production21.3%/17.3%/-2.3%The main contributors were platinum group metals (PGMs) and iron ore.
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 | 2021-06-02T10:07:59+02:00 May 14th, 2021|Markets and Research|0 Comments

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