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Good Morning!
Highlights of the week:
·
Rating
agencies lower UK’s sovereign rating from AAA to AA
·
Markets
are expecting BoE to cut rates at least one time while the ECB is set to
introduce looser quantitative easing rules
·
A
tentative bounce in global equities and commodities and overall risk-on
market morale weigh on JPY
·
RM
rises against US dollar on the back of declining 1-month USD/MYR volatility
and reduced expectation of higher US rates
·
Local
govvies rallied across the curve supports by continued bond-inflows
especially by European related funds
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Monday, July 4, 2016
· Rating agencies lower UK’s sovereign rating from AAA to AA
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