Today we are taking a look at:

  • OIS and US yield curves bring forward expectations of a Fed rate hike, soft economic surprise index presents a lagged indication of Q1 slowdown
  • Local currency stages minor recovery as commodity prices recover
  • The JSE extended gains as commodity prices rally, U.S. markets are resilient as the S&P closes at record high and Chinese shares fall with sentiment still rattled due to scrutiny around increased regulatory intervention in the country’s financial markets
  • US budget balance posts surplus in April; Japanese current account surplus narrows due to lower exports