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Published on Wednesday, February 24, 2016

Market Comment | Risk assets dragged down by fall in oil prices & weak data in US services

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Summary

Disappointing macroeconomic data in the US. US Markit services PMI preliminary data fell in February breaking 50 points benchmark against expectations of a slight increase (to 49.8 from 53.2; consensus: 53.5) reaching its lowest level since 2013. On another front, new home sales dropped in January (by 50K to 494K; consensus: 520K). Federal Reserve’s Stanley […]