|Currencies||The rand loses ground as the USD stages a broad-based recovery.|
|Commodities||Benchmark crude oil contracts marginally lower while PGM’s and gold are better bid.|
|Equities||Asian markets are mixed, but it does feel like risk-off sentiment given the holidays in China, Japan and the UK will dampen liquidity.|
|04/30||SA||Trade Balance||52.8b/23.6b/31.2b||Exports surged 28.9% m/m, while imports were up 16.3%.|
|05/03||SA||Absa Manufacturing PMI||–/–/57.4||Manufacturing activity remains expansionary due to less restrictive lockdown measures.|
|05/06||UK||BOE Rate||–/0.1%/0.1%||Rate expected to be on hold.|
Nedbank CIB Market Commentary | CIBMarketComm@Nedbank.co.za | +27 11 537 4091
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