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																		<td style="font-family: 'Times New Roman', serif; font-size: 40px; line-height:44px; color:#FFFFFF; text-align: left;letter-spacing:-0.25px;">Daily View</td>
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																		<td style="font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; color:#FFFFFF;padding-top:13px;">10 May 2024</td>
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															<td align="left" valign="top" width="265"><span id="hero"><img align="left" alt="Monthly View" border="0" class="image359"  height="220" id="houdinihero"   src='https://contentz.mkt9504.com/ra/2024/26462/05/28978532/Daily-view-header2.png' style="display: block; max-width: 359px;" title="Monthly View" width="265"  /></span></td>
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															<td align="left" style="font-family: 'Times New Roman', serif; font-size: 32px; line-height:32px; color:#303849; text-align: left;letter-spacing:-0.25px;" valign="top"><span style="color: rgb(48, 56, 73); font-family: &quot;Times New Roman&quot;, serif; font-size: 30px; letter-spacing: -0.25px; background-color: rgb(255, 255, 255);">Hong Kong rises on housing rule news; Dow extend gains following weekly jobs numbers; resources shares lead gains on JSE</span></td>
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															<td align="left" style="font-family: Arial, Helvetica, sans-serif; font-size: 14px; line-height: 24px; color:#303849;" valign="top"><span style="color: rgb(48, 56, 73); font-family: Arial, Helvetica, sans-serif; font-size: 14px; background-color: rgb(255, 255, 255);"></span>
															<ul style="color: rgb(48, 56, 73); font-family: Arial, Helvetica, sans-serif; font-size: 14px; background-color: rgb(255, 255, 255);">
																<li>Hong Kong continued its rally this morning, adding 2.2% as property development stocks surged ahead, a day after two leading cities in China lifted restrictions on home purchases.</li>
																<li>Other leading regional indices rose as well, with Tokyo up 0.4%, Seoul up 0.6% and Sydney up 0.4%. China&#39;s CSI 300 of leading counters was up 0.1%.</li>
																<li>The moves followed advances on Wall Street overnight, on hopes of rate cuts later this year following further signs of softness in the labour market.</li>
																<li>Weekly jobless claims in the US jumped to their highest level in eight months. This followed last week&#39;s released of nonfarm payrolls for April, which fell short of economists&#39; expectations.</li>
																<li>The S&amp;P 500 rose 0.5% and the Nasdaq 0.3%, while the Dow rose 0.9%, extending its winning streak to a seventh day.</li>
																<li>he US dollar softened against most currencies, while the yield on the 10-year Treasury fell further, to 4.45%.</li>
																<li>US markets are now pricing in a 50% chance of a rate cut by the Fed in September.</li>
																<li>In other markets, Brent crude edged up three quarters of a percent to US$84.40/barrel as energy traders watched developments in Gaza.</li>
																<li>In Europe, the Stoxx 600 rose 0.2% yesterday, while the FTSE 100 added 0.3%, to a new record high, after the Bank of England left rates unchanged.</li>
																<li>A rebound in resources shares (+1.6%) in the afternoon session helped to lift the JSE by half a percent yesterday, while industrials also added half a percent but financials slipped 0.2%.</li>
																<li>DRDGold led the gains, adding 4.4%. Among the heavyweight counters, Anglo American rose 3%, Sibanye 2.6%, Gold Fields 2.5% and Naspers 2.2%.</li>
																<li>Sappi (-3.4%)&nbsp;headed the declines after announcing a drop in earnings.&nbsp;<span style="color: rgb(48, 56, 73); font-family: Arial, Helvetica, sans-serif; font-size: 14px; background-color: rgb(255, 255, 255);">Pick n Pay (-3.3%) and Sasol (-3.1%) were the other notable declines</span></li>
																<li>The rand firmed over the course of the day yesterday and was trading at R18.50 to the US dollar at the close. It firmed further this morning, to R18.44.</li>
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																			<li style="text-align: left;"><span style="font-family: arial, helvetica, sans-serif;">Sibanye-Stillwater reported a 2.5% increase in its South African 4E PGM production in the March quarter, to 389,313oz. US 2E PGM production rose 21.7% to 122,543oz. Gold production fell 17.9% to 164,515oz.</span></li>
																			<li style="text-align: left;"><span style="font-family: arial, helvetica, sans-serif;">DRDGold reported produced 39,449oz of gold in the March quarter, a decline of 3% on the December quarter.</span></li>
																			<li style="text-align: left;"><span style="font-family: arial, helvetica, sans-serif;">RFG expects to report an increase in diluted HEPS of between 18% and 23% for the six months to March. Interim results are due out on 22 May.&nbsp;&nbsp;</span></li>
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																					<td align="left" style="font-family: &quot;Times New Roman&quot;, serif; font-size: 24px; line-height: 24px;" valign="top">Markets at a glance</td>
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																								<th style="line-height: 24px; font-family: Arial, Helvetica, sans-serif; text-align: left; font-weight: normal;">&bull;&nbsp;Key Indicators</th>
																								<th style="line-height: 24px; font-family: Arial, Helvetica, sans-serif; text-align: left; font-weight: normal;">&bull;&nbsp;Economic Calendar</th>
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																								<th style="line-height: 24px; font-family: Arial, Helvetica, sans-serif; text-align: left; font-weight: normal;">&bull;&nbsp;Indices</th>
																								<th style="line-height: 24px; font-family: Arial, Helvetica, sans-serif; text-align: left; font-weight: normal;">&bull; Company Calendar</th>
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																					<td align="left" style="font-size: 16px; line-height: 24px; font-weight: bold; text-decoration-line: underline; padding-top: 15px;" valign="top"><a href="https://links.wcacomms.investec.co.za/els/v2/mkVrcwwxWpc7/UVU1dDI5TFpnQjZVODVuU1diMUZSWFpZejU3MUVOTWFkV1I3Ri8yZHp6UzdydVcvZEtwdWFIV0dIbnBtYVpTbUFMdFRZK0pOdXlYNjQrV2UxWWpBbzRVaWRkNUE4ZmNOSU9mS3RROW1jU3M9S0/YzdEanFiUHM5MGdpc3hXelNDL0VZUDFOQmJhTFV0K28S1" name="Bookmark" style="background-size: 16px; color: rgb(48, 56, 73);" ><span style="color: rgb(174, 100, 37); font-family: Arial, Helvetica, sans-serif;">Read more</span></a></td>
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												<td align="left" colspan="3" style="font-family: Arial, Helvetica, sans-serif; font-size: 10px;line-height:16px; color:#62615d;" valign="top"><strong style="color: rgb(98, 97, 93); font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: justify;">Disclaimer:</strong><span style="color: rgb(98, 97, 93); font-family: Arial, Helvetica, sans-serif; font-size: 10px; text-align: justify;">&nbsp;Although information has been obtained from sources believed to be reliable, Investec Wealth &amp; Investment International (Pty) Ltd or its affiliates and/or subsidiaries (collectively &ldquo;W&amp;I&rdquo;) does not warrant its completeness or accuracy. Opinions and estimates represent W&amp;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. &nbsp;W&amp;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&amp;I . W&amp;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. &nbsp;W&amp;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 &nbsp;W&amp;I.</span></td>
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