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Published on Thursday, January 28, 2016

Market Comment |Talks about potential cuts in oil output increase market volatility

Worse-than-expected orders in the US. Durable goods orders’ preliminary data plunged in December (by -5.1% MoM; consensus: -0.7%), and ex-transportation they declined more than expected (by -1.2% MoM; consensus: -0.1%). Meanwhile, pending home sales remained almost unchanged against estimates of increasing (by +0.1% MoM; consensus: +0.9%). On another front, US initial jobless claims dropped more […]