US Fed leaves interest rates unchanged

Good Afternoon,

Highlights of the week:-

·         US Fed leaves interest rates unchanged ·         Oil price dropped below $50/barrel for the first time since November 2016 ·         Euro climbed to a six-month high following Macron’s win; UK’s Conservative party wins 558 council seats in local election ·         Japan’s manufacturing PMI expanded in April ·         China’s April manufacturing PMI lowest since September 2016 while Indonesia’s inflation accelerated to its fastest since March 2016 ·         MGS yields fell to six-month low amid stronger ringgit and expectations of Fed rate hike