|Currencies||The rand posts modest gains as the MPC leaves rates unchanged.|
|Commodities||Brent crude oil is nearing $65; Gold is marking a touch below $1,875 per ounce.|
|Equities||Nearly all major industry groups in the S&P 500 pushed higher, while the Nasdaq rallied past its 50-day moving average thanks to a rebound in Apple +2.1%, Tesla +4.1% and Microsoft +1.4.|
|05/20||SA||SARB MPC||3.5%/3.5%/3.5%||Repo rate unchanged.|
|05/21||UK||Retail Sales||–/36.8%/7.2%||Driven by a further reopening of the economy and increased household savings.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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