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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 class="row20" style="border-left:2px solid #59606d;">&nbsp;</td>
																		<td style="font-family: Arial, Helvetica, sans-serif; font-size: 16px; line-height: 24px; color:#FFFFFF;padding-top:13px;">7 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/2024/26462/05/28956190/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);">Wall Street continues its rally ahead of further earnings reports; Hong Kong down, but Asian shares mostly higher; precious metals lift 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>Asia-Pacific stock markets were mostly higher this morning, continuing the momentum created last week by the soft employment data in the US.</li>
																<li>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&#39;s CSI 300 was up 0.2%.</li>
																<li>US equities extended their rally last night, with the S&amp;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%.</li>
																<li>Markets are now pricing in a 90% chance of rate cuts by the end of the year.</li>
																<li>The US market has another busy week on the earnings front, with Walt Disney, Uber and AirBnB all reporting.</li>
																<li>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%.</li>
																<li>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%).</li>
																<li>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%).</li>
																<li>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.</li>
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																		<td align="left" style="font-family: &quot;Times New Roman&quot;, serif; font-size: 24px; color: rgb(48, 56, 73); line-height: 24px;" valign="top">The latest from Investec Focus</td>
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																			<li>How can South Africa kick off a virtuous cycle of investment and growth? Prof Brian Kantor looks at the&nbsp;<a href="https://links.wcacomms.investec.co.za/els/v2/mkVrcww_9jfm/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/UG9IVjZBR29XRG8zNUhoZmR0T3dYTGhHWlNIdnJCakES1" name="capital expenditure" style="background-size: 16px; background-color: rgb(255, 255, 255); font-family: Arial, sans-serif; font-size: 13.3333px; color: rgb(48, 56, 73);" target="_blank" ><span style="font-size: 14px;"><strong><span style="color: rgb(174, 100, 37);"><u>role of capital expenditure</u></span></strong></span></a>, notably by harnessing private sector investment, in achieving this.&nbsp;<span style="font-family: Arial, sans-serif; background-color: rgb(255, 255, 255); font-size: 14px;"></span></li>
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																		<td align="left" colspan="2" style="font-family: &quot;Times New Roman&quot;, serif; font-size: 24px; color: rgb(48, 56, 73); line-height: 24px;" valign="top">Company results and updates</td>
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																			<li style="text-align: left;"><span style="font-family: arial, helvetica, sans-serif;">Attacq says it is acquiring the 20% of Mall of Africa that it doesn&#39;t already own, for R1.07bn. The acquisition is through its 70%-held subsidiary Attacq Waterfall Investment Company.&nbsp;&nbsp;</span></li>
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																					<td align="left" style="font-size: 32px; font-family: 'Times New Roman', serif; line-height: 36px;" valign="top">Interested in starting your wealth journey with&nbsp;us?</td>
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																					<td align="left" style="font-family: Arial, Helvetica, sans-serif; font-size: 14px; line-height: 24px;" valign="top"><a href="https://links.wcacomms.investec.co.za/els/v2/KypvQrrPqwM6/WkcxbmxlUkJ1YVBlaVpqaDlaM2g0KzRTRUlQeE41dTdqcytESnFaK0hudC9XSERwbkVwbXh3UkZZd0wrTEdiTXRSTTNFS3M1K2NWWFBCN0RIcVpOdGpQWmNlNXFhOGtwK0ppcG8yZkJENlE9S0/UG9IVjZBR29XRG8zNUhoZmR0T3dYTGhHWlNIdnJCakES1" name="www_investec_com_en_za_investment_h" style="background-size: 16px;" ><img alt="View here"  height="42"   src='https://contentz.mkt9504.com/ra/2024/26462/05/28956190/view-here.png' style="line-height: 14px;" width="139"  /></a></td>
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																					<td align="left" valign="top"><img alt="Markets" border="0" class="imagehide"  height="155"   src='https://contentz.mkt9504.com/ra/2024/26462/05/28956190/markets.png' style="line-height: 14px;" width="152"  /></td>
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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>
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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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