Today we are taking a look at:

  • Risk assets trade better yesterday, supporting SAGB yields with limited sign of WGBI-related outflows; S&P downgrades SA sovereign credit rating by one notch to BB- (stable)
  • USDZAR stages remarkable recovery
  • Oil advanced for a second day; Gold edged lower
  • Gains in equity markets continued as easing COVID-19 fears, combined with corporate earnings and a surge in the oil price, strengthened investor sentimentDailyMarketCommentary200430

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