Currencies After posting initial gains, the rand trades marginally on the back foot.
CommoditiesBrent crude oil moved back above $69,50.
EquitiesOur market saw domestics squeeze hard yesterday on the back of earnings from MRP and PPH, with a few odd moves given the MSCI rebalance flows; We expect a slow start, calling flat to +0.25%.
EconomicsThe US GDP Second estimate for the first quarter of 2021 was unchanged at 6.4% y/y; SA PPI rose to 6.7% y/y in April, from 5.2% previously.
05/28SAMonthly Budget Balance–/-55.0b/-29.8bThe monthly budget deficit is expected to widen in April, given that revenue collection in April is typically weaker.

Nedbank CIB Market Commentary | | +27 11 537 4091

Source: Nedbank

If you are looking for other relevant market commentary, you might find Markets and Research relevant as well.