Market Comment | Surge in commodity prices supports rebound in financial markets

Worse-than-expected macroeconomic data in the US. US housing starts moderated in March, increasing below expectations (by 1089K; consensus: 1166K; previous: 1194K), while building permits also rose by less than expected (by 1086K; consensus: 1200K; previous: 1177K). Mixed ZEW data in Europe. Euro zone ZEW survey expectations surged in April (to 21.5 points from 10.6). Nonetheless, […]

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