Global economic data continues to signal a favourable macro backdrop, with the global composite purchasing managers' survey (PMI) picking up to a near three-and-a-half-year high in February.
Consensus global growth forecasts for 2018 continued to be upgraded, lifted particularly by the US due to President Trump's tax cuts and the $300bn additional spending plan. 'Fuel on the fire for market sell-off': US equities decline on hot inflation figures Inflationary pressure continues to rise, but has remained contained. The most recent release of the US inflation and labour market report paint a 'Goldilocks' backdrop for markets. The US headline consumer price index (CPI) and core CPI were in line with estimates in February, with the former picking up from +2.1% year-on-year...
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