Today we are taking a look at:

  • Thin liquidity conditions and small inflows seen in the bond market yesterday
  • The focus in the FX market now shifts to US NFP data tomorrow
  • Commodity prices remain subdued, weighed by the recent dollar strength
  • Global markets experienced choppy trading ahead of the FOMC meeting. Markets that were closed on Tuesday played catch up while sentiment waned in the U.S. after the Fed kept rates unchanged
  • Global PMIs softer in April, SA bucks the trend; Eurozone growth lower in Q1; US Fed leaves rates unchanged but remains hawkish

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