The Brexit saga continues as the UK parliament rejected a proposal to leave the European Union without a deal in place extending gains in European risk assets. In the US, both equities and Treasuries are little changed as earlier weakness was reversed on news that a meeting to finalize an agreement to end the US/China trade is likely in early April. The news came after China released disappointing data showing industrial output slowing to its worst start in the last decade and retail sales expanding at the slowest pace since 2012 reaffirming the theme of deceleration in the global economy.
Chris Eckhoff
Associate, Investment Management Group
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