� Most EU shares closed higher and US futures surged pushed on after Trump walked back tariff threats.
� Overall, a mixed sector performance.
� Utilities led, luxury and energy lagged.
� Volumes aneamic as expected.
� AsiaPac is trading with a weaker bias, albeit in muted moves and lack of direction. Tech showing resilience.
� The greenback is lower vs most majors � the yen is a standout performer - Ueda indicated his intention to keep raising interest rates if the economy improves.
� Move mixed in EMFX with ZAR slightly weaker c17.88.
� China�s central bank asked its major lenders to raise the share of yuan when facilitating cross-border trade.
� Yields are marginally lower: US2y 3.97/US10y 4.46.
� Aussie curve curve bull flattens and JGB futures are firmer as Japan�s long-end yields decline sharply.
� Commodities are better offered with base metals leading declines and the PGMs following.
� The rand is weaker this morning, at R17.88/$, after closing weaker yesterday (R17.86/$*).
Key events and data:
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� 09h00: SA leading indicator (March)
� 11h00: Eurozone consumer and economic confidence (May)
� 14h30: US durable goods orders (April)
� 15h00: US FHFA house price index (March), S&P CoreLogic house price index (March)
� 16h00: US Conference Board consumer confidence index (May)
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