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Weekly preview - Battle between hope and fear
The forces of hope and fear will do battle on numerous fronts during the coming week. Data points will be important in determining whether fear gains a further stranglehold or whether there is a shift to slightly more optimistic tone amid hopes that lower energy prices will finally kick-start the global economy. Cassandra-like warnings over escalating currency wars, EU disintegration, global deflation, bear markets and US recession will find plenty of fresh ammunition if Chinese and US manufacturing data signals deepening gloom, US employment data falls well-short of expectations and the yuan weakens sharply. In ... (full story)