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Published on Thursday, July 7, 2016

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

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 […]