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Growing Headwinds To Cemex Recovery

Cemex's position as the best performing cement major globally is under threat from growing headwinds to demand. Infrastructure spending cuts domestically, in conjunction with the impact of lower oil...

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Brent: Multi-Month Basing Period Ahead

We reiterate our below consensus view that front-month Brent will trade in the USD40.0-65.0/bbl range over 2015. In line with our expectations, the February rally in oil has fizzled out and we expect...

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