Macro Morning: Bear-up

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By Chris Becker

Friday night’s market action was characterised by two major economic data prints that surprised on the downside and the strike by US oil workers that saw oil prices rebound by nearly 10%.

First in Europe the CPI print for core and overall numbers surprised on the downside, with core inflation barely ticking over at 0.5% and overall falling directly into deflation territory at -0.6%

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