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The week started with optimism on good news out of China. The majority of Asian shares advanced amid China’s industrial profits y/y surprised to the upside (5.3% vs. exp.3.0%). The Shanghai’s Composite index surged 2.29%, Hang Seng and Taiex added 0.43% and 0.55%, while Nikkei and Kospi retreated 0.94% and 0.36% respectively. The US stock futures traded to the upside; the S&P, Dow Jones and… |
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