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Julius Baer: Cyclical metals selloff could signal slowdown in China

While China released better-than-expected first quarter economic data, the selloff in cyclical metals signals that markets are becoming concerned about a looming slowdown in the country, according to Julius Baer. “We see the recent selloff as a reality check as the past months’ rally had primarily been driven by improving sentiment rather than improving fundamentals,” says Carsten Menke, commodities research…

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