Today we are taking a look at:

  • Brazil’s political risk premium rises, markets become increasingly volatile, may hamper EM complex in near term
  • Dollar marginally firmer, USDZAR with a weaker bias, along with global majors this morning
  • Top40 firmer, European markets edge lower, US and Asian markets recover somewhat from Wednesday’s selloff
  • UK retail sales surge as consumption rebounds; US leading indicator continues to signal better economic conditions over the medium term