The South African rand extended gains against the US dollar to 1%.

Bank of America: So far this year, U.S. Treasury debt has flowed in at $147 billion.

Bank of America: The Bank of America bull/bear indicator fell to 3.4 from 3.6, hurt by outflows from emerging market debt, high-yield bonds and long-term developed market holdings, but record long hedge fund positions in 2-year Treasuries rose To counteract the effect.

Bank of America: The bond market has seen inflows for 26 consecutive weeks, while European stock markets have experienced outflows for 28 consecutive weeks.

Bank of America: Cash inflows have reached $1 trillion so far this year, and investors are cautiously "waiting for profits."

Bank of America: In the latest week, bond inflows were US$2.5 billion, cash market outflows were US$4.3 billion, and gold market outflows were US$300 million.

Bank of America: According to EPFR data, stock market outflows reached $16.9 billion in the latest week, the largest weekly outflow since December 2022.

The German 10-year government bond yield has recovered and is now at 2.752%.

Market news: Citigroup (CN) warned UK staff that hundreds of job cuts may be possible.

Market news: Citigroup (CN) informed UK employees of possible layoffs.

Russia-backed Crimean officials say Russia shot down a missile in Crimea.

The Dutch government lowered its forecast for 2023 funding needs to 74.9 billion euros.

Swiss National Bank: Appoints Antoine Martin as new member of the Governing Council.

JPMorgan Chase: Lowered its quarterly GDP growth forecast for the euro zone in 2023 from 0.6% to 0.5%.

The U.S. Financial Stability Oversight Council (FSOC) met on Friday to discuss the designation process for systemically important financial institutions (SIFIs).

Market news: The head of the port city of Sevastopol on the Crimean Peninsula said that the fleet headquarters was attacked.

JPMorgan Chase: Crude oil prices are expected to reach $100/barrel in the long term.

French trade group Sucden: India may produce 28.6 million tons of sugar in 2023-24.

French trade group Sucden: Global sugar prices will remain strong due to lower production in India.