Market Comment | The rebound in oil prices was not enough to rally the market this week

Summary

Better-than-expected data in the US today. US retail sales increased in April, surprising positively compared with expectations (by -1.3% MoM; consensus: 0.8%), while ex auto and gas also increased by more than expected (0.8% MoM, consensus 0.5%). Meanwhile, April’s’ PPI final demand increased by less than consensus expectations (+0.2% MoM; consensus: +0.3%). Euro zone Q1 […]

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