Market Comment | Mild rally in financial markets fuelled by oil rebound

Summary

Positive macroeconomic data in China. China’s CPI in March remained unchanged unexpectedly against the previous month at 2.3%YoY (consensus: 2.4%YoY). The decreasing prices of transport and communication were offset by increasing food prices. Meanwhile, the pace of deflation in producer prices (PPI) dropped in relation to the previous month, dropping less-than-expected (by -4.3%YoY; consensus: -4.6%). […]

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