Markets It’s difficult to interpret today’s developments. Up until last week, markets would have rallied on slightly lower German (0.2% M/M & 4.3% Y/Y vs 0.3% & 4.5% expected) and Belgian (see below) inflation figures. In the same way, they would have concluded from an (outdated) revision to US Q2 GDP (consumption 0.8% Q/Qa instead […]
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