Today we are taking a look at:

  • Risk off continues as the trade war persists, SAGB yield curve maintained marginal steepening bias
  • The rand recovers some lost ground
  • Oil extended declines as an increasingly aggressive U.S. trade policy fuelled fears the world could be heading for a significant economic slowdown
  • Gold index gained 7.79% which was a standout performance with the gold price up 0.95% with safe haven demand rising
  • SA trade balance posts a deficit in April; US PCE rises marginally in April
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