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VCSC Daily 19-03-2012 - Markets flat on inflation woes

Investors await CPI and AGMs – Markets ended mixed, but essentially flat on the day as investors chose to stay on the sidelines in advance of official macroeconomic data later this week. With investors overly anxious about gasoline’s impact on March’s CPI, trading remained subdued. CPI and AGMs are on investors’ mind right now so we think demand could remain weak until they get more visibility on macro results and 2012 corporate targets.