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Global Markets daily

22 May 2017

Rand recovers as panic eases

The panic over Trump’s presidency has eased. Wall Street managed to gain on both Thursday and Friday, to close the week only 0.4% lower and the futures markets point to further gains this morning despite the fresh allegations against the Trump team over the weekend. More impressively, the VIX “fear gauge index” of expected volatility has dropped right back to 12, a level consistent with a very low risk environment...

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