· US inflation rebounded and retail sales up in April

Good Afternoon,

Highlights of the week:-

·         US inflation rebounded and retail sales up in April ·         Oil price rebounded on rising expectations of extension of OPEC/non-OPEC agreement ·         Euro’s underlying inflation remains subdued according to ECB’s Draghi; BoE kept interest rates steady and revised 2017 growth projection downwards ·         BOJ may consider exiting its stimulus programme ·         Moon Jae-In wins Korean presidential election while China’s inflation rose to its fastest since January 2017 ·         Bank Negara left OPR at 3.00% while MGS yields fell for another week