Market Comment | Doubts about US economy added further pressure to risk assets

Summary

Mixed data in the US. US ADP employment decreased in January less than expected (by 62K to 205K; consensus: 195K). Meanwhile, the ISM non-manufacturing composite dropped more than estimated (by 2.3 to 53.5; consensus: 55.1), led by declines in business activity, new orders and employment, although levels continued to indicate expansion of service activities. William […]

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