Today we are taking a look at:

  • Risk-off gains greater traction, SA bond yields sharply higher, tracking EMs
  • European political crisis continue to weigh on currency markets
  • Gold price action was quite volatile, advanced on the day but settled lower, Oil remains downbeat
  • Political tension Europe weighed on the Euro, forcing investors to shift into safe-haven assets
  • US consumer confidence remains upbeat in May; Japanese retail sales starts to recover

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