Today we are taking a look at:

  • Dovish Fed gives rates a boost, SAGB yield curve bucks the steepening bias and flattens modestly as yields decline across the curve
  • Fed comments put the USD on the back foot
  • Oil extended losses after plunging 10% in four days as the prospect of a sharp slowdown in global growth due to trade frictions overshadowed Saudi’s pledge to maintain market stability
  • Global markets are in limbo amid the ongoing trade wars
  • SA PMI falls further into contraction; Global PMIs decline across the board in May

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