Currencies The rand posts modest gains as the MPC leaves rates unchanged.
CommoditiesBrent crude oil is nearing $65; Gold is marking a touch below $1,875 per ounce.
EquitiesNearly 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.
05/20SASARB MPC3.5%/3.5%/3.5%Repo rate unchanged.
05/21UKRetail Sales–/36.8%/7.2%Driven by a further reopening of the economy and increased household savings.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

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