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

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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