Today we are taking a look at:

  • SA trade surplus narrows in April as exports slump, but trend remains favourable as global demand expected to pick up
  • USDZAR holding steady ahead of the ratings agency reviews
  • The JSE lost over a percent with Naspers falling 3%; U.S. markets closed marginally lower with geopolitical tension increasing as President Trump pulled out of the Paris climate accord; Asian markets are mixed driven by economic data
  • Eurozone CPI eases on lower energy costs; US Beige Book reflects modest to moderate growth with some hints of caution; UK credit extension lower in April