Market Comment | Downturn in oil prices hits risk assets, amid weak economic data

Summary

Downbeat economic data in the US. US consumer confidence fell more than expected in February (by 5.6 points to 92.2; consensus: 97.2), while the Richmond Fed manufacturing index decreased unexpectedly (by 6 points to -4; consensus: 2). On another front, existing home sales remained almost unchanged in January, against expectations of a decrease (to USD5.47m […]

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