UK manufacturing activity picks up

Market Review Last week the S&P 500 posted its second consecutive down week which is something that has not happened since the first half of November 2012. The Japanese pullback continues to be the main driver of this risk off phase with the Nikkei 225 coming heavily off its recent highs as Abenomics loses some momentum and JGB yields edge higher. The move lower is also being driven rather ironically by strong economic data from the US with Friday seeing a very strong Chicago PMI release

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UK manufacturing activity picks up

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