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Published on Wednesday, March 9, 2016

Market Comment | Volatile session ahead of tomorrow’s ECB meeting

Disappointing US economic data. Wholesale sales dropped more than expected (by -1.3% MoM; consensus: -0.3%) in January, favouring an increase in US wholesale inventories (by +0.3% MoM in January; consensus: -0.2%). An increase in inventories could contribute positively to GDP growth in the first quarter, but it does not signal healthy growth. Volatile session in […]