Market Comment | Disappointing economic data encourage investors’ demand for bonds

Summary

Financial markets extended yesterday’s cautious mood (gold +0.3%, JYP +0.03%), underpinned by the disappointing July German ZEW Economic Sentiment expectations (-6.8; consensus 9; previous 19.2), at their lowest level since 2012, dragged down by the uncertainty about Brexit. Furthermore, the IMF trimmed (-0.1pp) its forecast for 2016 and 2017 global GDP growth, with UK and […]

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