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Published on Friday, July 1, 2016

Market Comment | Equity indices rebound but investors still hoarding bonds

Manufacturing indicators improve in both Europe and the US, while still pointing to weakness in China: euro zone PMI for June 52.8 (consensus 52.6, previous 52.6), US ISM for June 53.2 (consensus 51.3; previous 51.3) and China’s Caixin PMI0 48.6 (consensus 49.2; previous 49.2). Last Friday’s sell-off of risk assets – spurred by Brexit […]