Markets Cheer South Africa’s Move to Broad Government Alliance

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South African stocks rallied and the rand gained, defying the global selloff in risk assets, as investors cheered an agreement between rival political parties to back the reelection of Cyril Ramaphosa as president.

Markets Cheer South Africa’s Move to Broad Government AllianceAsian Stocks Set to Fall, Yen Steady Ahead of BOJ: Markets WrapPGIM Sticks With Bearish Treasury Call on Bet Fed May Still HikeJPMorgan Sees Carry Trade Losing Appeal on Rising VolatilityBarclays Told to Review Leveraged Finance as UK Probes IndustryFrench Left Unveils Plan to Undo Macron’s Reforms and Defy EUGhana Sends New Debt Rework Proposal to Advance Bondholder TalksTesla, Exxon AGMs See Norway’s $1.

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