Today we are taking a look at:

  • Risk on in Asia this morning, along with a weaker dollar gives EM FX and SAGB’s some support, yields lower
  • Some reprieve overnight for FX markets as the euro strengthens, supporting EM FX and majors somewhat
  • Brent price remains elevated as US stockpiles declined and Libyan crude disruptions persist; Gold price trend remains downbeat
  • Banking stocks lead local markets higher
  • SA PPI rises faster than expected; US GDP surprises to the downside in third Q1 estimate; Japanese data surprises to the upside this morning

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