Market Comment | Lacklustre economic data weighed on equity markets

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Mixed data in the US, with private sector employment softening and the service sector improving. ADP employment data surprised negatively in April, increasing by less than estimates (by 156K; consensus: 195K). On another front, factory orders surged in March above estimates (by 1.1% MoM; consensus: 0.6%), while durable goods orders rose in line with expectations […]

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