SARB held benchmark rate at 7%, balancing stubborn inflation, weak growth, and external risks; rand volatility expected ease.
Russia’s reserves fell $15.1bn to $753.8bn, raising ruble volatility fears and rate-hike expectations, pressuring equities.
Softer CEE rate outlook weakens koruna; Hungary reprices easing, Poland inflation rises; favor EUR/CZK up and PLN outperformance.
April PCE inflation re-accelerated to 3.8% y/y, boosting “higher-for-longer” fears, volatility, and dollar-supporting rate-hike odds.
US jobless claims edged up to 215K; rising averages suggest cooling labor market, complicating Fed policy outlook.
Continuing jobless claims edged above forecasts, hinting softer labor market, cooling momentum, and increasing rate-cut expectations.
US GDP price index eases to 3.5%, signaling cooling inflation, boosting pause expectations and risk-asset positioning opportunities.
April US personal income stalled at 0%, missing forecasts, signaling weakening consumers and boosting bets on rate cuts.
US core PCE hits 4.4% in Q1, boosting “higher-for-longer” Fed bets; equities pressured, volatility and dollar rise.
April US personal spending rose 0.5%, meeting forecasts, supporting steady demand, keeping Fed on hold, volatility subdued.
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