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Published on Thursday, July 7, 2016

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Market Comment | Risky assets’ punishment halted despite ongoing background risks

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Summary

Encouraging signs in US employment data. According to the June ADP National Employment Report private sector employment increased by 172,000 jobs from May to June (consensus: 160K). Moreover US initial jobless claims dropped unexpectedly in the week ended 2 July (254K; consensus: 270K, previous: 270K) while continuing jobless claims rose in the week ended 25 […]

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