Today we are taking a look at:

  • Focus this week will be on central bank meetings and a potentially dovish SARB; SAGBs open up weaker on the back of geopolitical tensions
  • Risk sells off as global tensions escalate
  • Oil surged along with the yen and Treasury futures after a strike on the heart of Saudi Arabia’s oil production increased geopolitical risk concerns
  • Global markets digest the increased geopolitical tensions post the attack on Saudi. Risk off sentiment prevails, and reminder the MSCI rebalance will see NPN selling in our closing auction, but most of the action will take place in Prosus on the Dutch line
  • US retail sales growth eases, but consumer confidence rises; Chinese data disappoints

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