Market Standard 29 March 2021

Offshore / S&P500 closes at all-time high, Nasdaq still 6% off highs / US Personal Spending fell 1.0% in February, slightly more than expected, but January spending was revised upward by a full percentage point to 3.4%. / Ever Given remains stuck in Suez Canal / Intel to build new silicon chip fab plants for $20bn / Tencent results / WeWork to go public, via a Spac, with $9bn valuation Local / CPI 2.9% for Feb and MPC no change / Magda Wierzycka quits as Sygnia CEO / AdvTech results / Old Mutual results / Remgro results overshadowed by 40% discount to NAV / Goldman analysts say go long on Russia, South Africa stocks