 This message contains graphics. If you do not see the graphics, click
here to view
[https://links.wcacomms.investec.co.za/servlet/MailView?ms=Mjg5NTYxOTAS1&r=Mjk4NDQ3NTI4NjcwS0&j=MjQ3MDUyNzkyMwS2&mt=1&rt=0].

 		 

 		[Investec Wealth & Investment]

 		 
 		 

 		 
 		Daily View

 		 
 		7 May 2024

 		 

 		[Monthly View]

 		 

 		 

 		Wall Street continues its rally ahead of further earnings reports;
Hong Kong down, but Asian shares mostly higher; precious metals lift
JSE

 	* Asia-Pacific stock markets were mostly higher this morning,
continuing the momentum created last week by the soft employment data
in the US.
 	* While Hong Kong was off 0.4% at the time of writing, there were
gains in Tokyo (+1.4%), Seoul (+2%) and Sydney (1.3%), while China's
CSI 300 was up 0.2%.
 	* US equities extended their rally last night, with the S&P 500 up
1%, the Nasdaq up 1.2% and the Dow up 0.5%, while the 10-year Treasury
edged down to 4.49%.
 	* Markets are now pricing in a 90% chance of rate cuts by the end of
the year.
 	* The US market has another busy week on the earnings front, with
Walt Disney, Uber and AirBnB all reporting.
 	* The JSE rose half a percent yesterday, lifted by a 1.9% gain in
resources. Meanwhile financials added 0.2% and industrials fell 0.1%.
 	* Precious metals firms led the gains, thanks to the likes of
Implats (+5.5%), Harmony (+5.1%), Sibanye-Stillwater (+4.8%) and
Anglogold Ashanti (+4.3%).
 	* There were few big downward moves among the larger counters,
however notable declines were recorded in the likes of Advtech
(-4.6%), Redefine (-3.2% after the release of its interim results) and
Spar (-2.2%).
 	* The rand firmed over the course of the day yesterday, trading as
low as R18.37 to the US dollar at one point, before ending at R18.47.
It was trading at R18.55 today.

 		 

 		 

 		 

 		 

 		 

 		 

 		The latest from Investec Focus

 	* How can South Africa kick off a virtuous cycle of investment and
growth? Prof Brian Kantor looks at the ROLE OF CAPITAL EXPENDITURE
[https://links.wcacomms.investec.co.za/els/v2/mkVrcww_9jfm/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/UG9IVjZBR29XRG8zNUhoZmR0T3dYTGhHWlNIdnJCakES1],
notably by harnessing private sector investment, in achieving this. 

 		 

 		 

 		 

 		 

 		 

 		 

 		Company results and updates

 	* Attacq says it is acquiring the 20% of Mall of Africa that it
doesn't already own, for R1.07bn. The acquisition is through its
70%-held subsidiary Attacq Waterfall Investment Company.  

 		 

 		 

 		 

 		 

 		 

 		Interested in starting your wealth journey with us?

 		 

 		[View here]
[https://links.wcacomms.investec.co.za/els/v2/KypvQrrPqwM6/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/UG9IVjZBR29XRG8zNUhoZmR0T3dYTGhHWlNIdnJCakES1]

 		 

 		 

 		 

 		 

 		[Markets]

 		 

 		Markets at a glance

 		• KEY INDICATORS
 		• ECONOMIC CALENDAR

 		• INDICES
 		• COMPANY CALENDAR

 		Read more
[https://links.wcacomms.investec.co.za/els/v2/EZRyhvvEq0Qa/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/UG9IVjZBR29XRG8zNUhoZmR0T3dYTGhHWlNIdnJCakES1]

 		 

 		 

 		 

 		 

 		[Zebra]

 		 

 		[Facebook]
[https://links.wcacomms.investec.co.za/els/v2/WawNtAAR_mBp/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/]
 		[Twitter]
[https://links.wcacomms.investec.co.za/els/v2/qjN0C662GDBr/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/]
 		[Linkedin]
[https://links.wcacomms.investec.co.za/els/v2/vN6ZSdd40-Md/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/]
 		[Instagram]
[https://links.wcacomms.investec.co.za/els/v2/x_zjBbbVLzT_/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/]
 		[YouTube]
[https://links.wcacomms.investec.co.za/els/v2/dmWrHvvjqpQ9/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/]

 		 

 		 

 		 

 		 

 		DISCLAIMER: Although information has been obtained from sources
believed to be reliable, Investec Wealth & Investment International
(Pty) Ltd or its affiliates and/or subsidiaries (collectively
“W&I”) does not warrant its completeness or accuracy. Opinions and
estimates represent W&I view at the time of going to print and are
subject to change without notice. Investments in general and,
derivatives, in particular, involve numerous risks, including, among
others, market risk, counterparty default risk and liquidity risk. The
information contained herein is for information purposes only and
readers should not rely on such information as advice in relation to a
specific issue without taking financial, banking, investment or other
professional advice.  W&I and/or its employees may hold a position in
any securities or financial instruments mentioned herein. The
information contained in this document does not constitute an offer or
solicitation of investment, financial or banking services by W&I . W&I
accepts no liability for any loss or damage of whatsoever nature
including, but not limited to, loss of profits, goodwill or any type
of financial or other pecuniary or direct or special indirect or
consequential loss howsoever arising whether in negligence or for
breach of contract or other duty as a result of use of the or reliance
on the information contained in this document, whether authorised or
not.  W&I does not make representation that the information provided
is appropriate for use in all jurisdictions or by all investors or
other potential clients who are therefore responsible for compliance
with their applicable local laws and regulations. This document may
not be reproduced in whole or in part or copies circulated without the
prior written consent of  W&I.

 		 

 		Statutory Information: Investec Wealth & Investment International
(Pty) Ltd, registration number 1972/008905/07. Member of the JSE
Equity, Equity Derivatives, Currency Derivatives, Bond Derivatives and
Interest Rate Derivatives Markets. An authorised financial services
provider, license number 15886. A registered credit provider,
registration number NCRCP262. The disclaimer is deemed to form part
of this message in terms of Section 11 of the Electronic
Communications and Transactions Act 25 of 2002.

 		 

 		With the Protection of Personal Information Act in effect, please
take a moment to review INVESTEC’S DATA PROTECTION STATEMENT
[https://links.wcacomms.investec.co.za/els/v2/9zZWCXXK7-M8/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/UG9IVjZBR29XRG8zNUhoZmR0T3dYTGhHWlNIdnJCakES1]
so that you understand how Investec processes your personal
information and the rights you have in relation to your personal
information.

 		 

 		UNSUBSCRIBE
[https://forms.investec.com/InvestecWealthandInvestment2/MonthlyViewSubscription?spMailingID=28956190&spUserID=Mjk4NDQ3NTI4NjcwS0&spJobID=MjQ3MDUyNzkyMwS2&spReportId=MjQ3MDUyNzkyMwS2]

 		 

 