Market Comment |Oil prices drag financial markets down ahead of FOMC and BoJ meetings

Summary

US macro data disappoints.  New home sales dropped unexpectedly in March (to 511K from 519K; consensus: 520K), while Dallas Fed manufacturing activity deteriorated unexpectedly in April (by 0.3 points to -13.9; consensus: -10.0). Germany´s IFO data for April comes worse than expected. IFO business climate indicator remained almost unchanged in April against the expected increase […]

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