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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;">8 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/2024/26462/05/28963798/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);">Hawkish comments by Fed official weigh on markets; Disney results disappoint; financials 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 down this morning, while currencies in the region also declined after hawkish remarks last night by a Fed official.</li>
																<li>Neel Kashkari, head of the Minneapolis Fed, argued that monetary policy might not be as restrictive as it seems and that rates may need to stay at current levels for a while. This lifted the US dollar against most Asian currencies.</li>
																<li>Tokyo led stock market declines with a 1.6% fall, followed by Hong Kong and China&#39;s CSI 300, both with drops of about three quarters of a percent.</li>
																<li>However Seoul was up 0.3% and Sydney was up 0.1%.</li>
																<li>Last night saw the S&amp;P 500 and Dow both rising 0.1%, while the Nasdaq was off 0.1%.</li>
																<li>Earnings numbers failed to provide any positive momentum. Disney fell 9.5% after its outlook fell short of market expectations.</li>
																<li>The 10-year Treasury yield ticked lower however, to 4.46%.</li>
																<li>The JSE edged up 0.2% yesterday, with financials up 0.7% and industrials up 0.1%. Resources fell by 0.6%.</li>
																<li>Big upward&nbsp;moves among the big counters on the JSE included Northam (+5.6%), Sibanye (+2.6%), Anglo Platinum (+2.1%), Capitec (+2.1%) and BHP (+2%).</li>
																<li>Gold shares stood out among declines, led by Gold Fields (-4.3%) and Anglogold Ashanti (-1.8%).</li>
																<li>The rand was trading at R18.52 to the US dollar this morning.</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>In this edition of&nbsp;<a href="https://links.wcacomms.investec.co.za/els/v2/DzW-CEEEVVBV/b0FPcmYrRm1Obm1Ma2FpS0ROa0VVemk5UXk2U3E4NS9pbDFNMFZ0V1JqN2JvMVhCQUt4eWhMR05nSVZDeVVDSDl3ZEZEbDRxVGxmdnhFdFIyV3k3NDI5YW9WN0IycjJBNjU4UHFVWTdIUXM9S0/dGJKaHRlTkR6VnZoOXBYSGQveVh0aWg0aEZRZTZVVFoS1" name="the current 6" 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>The Current podcast</u></span></strong></span></a>, Iman Rappetti talks to Investec&#39;s Harold Hutchinson, Campbell Parry and Chanda Nxumalo, MD of Harmattan Renewables, as they explore the pros and cons of some of the latest advances in energy that could shape the future of South Africa&#39;s energy mix.&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;">AB Inbev reported underlying EPS in the March (first) quarter of 75 US cents, an increase of 15.4% on the March quarter last year. Revenue was up 2.6%.</span></li>
																			<li style="text-align: left;"><span style="font-family: arial, helvetica, sans-serif;">Gold Fields reported gold production of 464,000oz in the March quarter, a decline of 18% on the equivalent quarter last year.</span></li>
																			<li style="text-align: left;"><span style="font-family: arial, helvetica, sans-serif;">Combined Motor Holdings reported HEPS of 541.8c for the year to February, a decline of 12.2%. A final dividend of of 220cps was declared.&nbsp;&nbsp;</span></li>
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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>
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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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