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WEEKLY REVIEW: Waiting for the Fed’s monetary policy meeting next week

22 April 2016 Konstantin Meinhardt

Oil prices and the Fed's monetary policy remained in focus this week. This week's U.S. economic was mixed again. The labour market continued to strengthen, while the U.S. manufacturing sector remained weak. Markit Economics's preliminary manufacturing purchasing managers' index (PMI) fell in April to the lowest level since September 2009.

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Market focus

  • Eurozone PMI falls in March as manufacturing downturn deepens
  • Germany output growth at near six-year low as manufacturing downturn deepens
  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.

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