Market Comment|The downturn in oil prices compromises last week’s rebound in risk assets

Summary

US Dallas Fed manufacturing activity index plunged against estimates of an improvement (to -34.6 points from -21.6; consensus: -14.5). Disappoining macroeconomic data in Europe. Germany’s IFO business climate dropped in January more than expected (by 1.3 points to 107.3; BBVAe: 108.5, consensus: 108.4), mainly due to the decline in IFO expectations (by 2.2 points to […]

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