as optimism surrounding the global economic outlook brightened, raising risk sentiment.
“Risk-on trade is gaining momentum, with emerging-market assets coming into favour,” said Chantal Marx, head of investment research at FNB Wealth and Investments. The rand ended a volatile week with gains of 1.7% to the dollar, pushing its 2021 rise so far to about 5.3%. Industrial metals, resources and listed property were the biggest losers this week, down 4.7%, 3.27% and 2.32%, respectively, while banks and financials gained the most, up 1.43% and 1.12%, respectively.
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