Market Comment | Lacklustre economic data weighed on equity markets

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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