Market Comment | Green shoots in China and oil dynamic support market recovery

Summary

China GDP stabilization has eased hard-landing concerns. China’s 1Q16 GDP increased by more than our estimates (by 6.7% YoY; BBVAe: 6.5%, consensus: 6.7%), moderating its growth relative to the previous quarter (6.8% YoY). This increase is the lowest since Q1 2009, however growth stabilization has eased hard-landing concerns due to the authorities’ stimulus measures and […]

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