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MNI: Broader risk-on flows noted on the back of......>

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MNI: Broader risk-on flows noted on the back of better than expected Chinese GDP
data, which rose by 6.4% Y/Y in Q1 vs. median exp. of +6.3%.
- On the monthly economic data front industrial production was particularly
strong, rising by 8.5% in Y/Y terms during March vs. a median exp. of +5.9%,
while retail sales rose by 8.7% vs. exp. of 8.4% during the same month.
- T-Notes have broken below Tuesday's lows. AUD/USD has moved into positive
territory, while NZD/USD continues to trim its CPI inspired losses.
- S&P 500 futures traded to fresh highs on the data, last +5 points.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

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