Market Comment | Sharp rally in global financial assets last week

Better-than-expected non-farm payrolls in the US. US nonfarm payrolls (seasonally adjusted) increased in February above expectations (by 242K; consensus: 190K; previous month: 172K), while manufacturing payrolls dropped more than expected (by -16K; consensus: -1K; previous month: 23K). Meanwhile, the unemployment rate remained unchanged at 4.9%, in line with estimations. China: National People’s Congress (NPC) The […]

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