Market Comment | Cyclical concerns boost risk-off mood

Mixed data in the US. The US trade balance deficit increased in February by more than expected (to -USD47.1bn from -USD45.9bn; consensus: -USD46.2) due to the rise in imports which more than offset the improvement in exports. Better-than-expected services activity data: US ISM non-manufacturing composite rose in March by more than expected (by 1.1 points […]

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