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Published on Tuesday, May 3, 2016

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Market Comment | Cyclical concerns and weak company profits drag on risk assets

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Summary

Worse than expected PMI data in China. China manufacturing PMI data dropped in April against estimates of their remaining unchanged (by 0.1 points to 50.1; consensus: 50.3), while the Caixin China PMI manufacturing data released today showed a decline in April, deepening its contraction (to 49.4 from 49.7 points; consensus: 49.8). According to Lockhart, two […]

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