In the week that was risk assets have been a bit wobbly, while bonds have recouped some their late March/early April loses on generally weaker than expected global data that suggest no rebound in global growth is in the cards in the near term. Regarding weak data, a case in point were yesterday’s South Korean GDP figures that unexpectedly showed a contraction in activity in Q1. The data increased the odds of a BOK cut, adding to bets of RBA and RBNZ easing. Furthermore, the Riksbank also delivered a dovish surprise. And that has gotten punters thinking: will the Fed come out dovish too next week? For the full report, click HERE