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    Weekly Economic Perspectives: Unprecedented Collapse In Eurozone Service Activity

    Last Week's Highlights

    • The Economy:  Unemployment claims shutter records in the US. Canadian GDP grew modestly in January. UK service activity in unprecedented collapse. Eurozone service activity also in unprecedented collapse. Business conditions deteriorate in Japan. RBA minutes signal long period of low rates.

    • The Market: A milder week by recent standards, except in Japan and Australia. Mixed performance in bond markets. The dollar resumes its interrupted ascent. Oil surges late in the week...but only on hopes so far. 
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