| Currencies | The rand continues to hold steady below the 14.0000 level. |
| Commodities | Brent crude oil has moved back towards $67 per barrel. |
| Equities | Top40 closed +0.24%; European equities gained on Friday; The S&P 500 index fell for a second week; Asia stocks were mixed. |
| Date | Region | Event | Actual/Expected/Prior | Implications |
| 05/25 | US | GDP | –/6.5%/6.4% | Second print could be revised upward, driven by stronger personal consumption as indicated by the revised retail sales print. |
| 05/27 | SA | PPI | –/6.7%/5.2% | High y/y price movements due to the low base in 2020; during April, inflation will be driven by higher oil and transport costs. |
| 05/28 | SA | Monthly Budget Balance | –/-55.0b/-29.8b | The monthly budget deficit is expected to widen in April, given that revenue collection in April is typically weaker. |
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
Source: Nedbank
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