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  • The Eurozone and US manufacturing PMI’s came in lower than expected highlighting some of the headwinds impacting on global growth
  • The oil price continues to fall as Trump defends and threatens the Saudi’s at the same time
  • The first step of the Brexit withdrawal process has been completed – now for the more complicated part, UK parliamentary approval
  • The populist Italian government offered signals of a softening stance on their budget with a corresponding beneficial impact on their debt market (see graph of Italian Government 10 year)