Market Comment | Global markets in cautious mood

Summary

  Mixed macro data in China. There were slightly better-than-expected consumer data in China while industrial prints continued the deceleration process. Chinese retail sales rose in October by 11.0% YoY (consensus: 10.9%), while industrial production rose slightly below expectations (by 5.6% YoY; consensus: 5.8%).   Portugal’s conservative government did not receive enough support to continue. […]

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