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Claims In Line, Trade Gap Slightly Smaller

US DATA

Thursday's 0830ET data releases were broadly in line with expectations, with little market reaction:

  • Initial claims right in line at 260k, a rise of 6k; prior week revised down by just 2k.
  • Continuing claims a little higher than expected with slightly higher revision to prior.
  • May and Jun trade deficits revised marginally smaller (thus marginally better for GDP).
  • Attention turns to Friday's payrolls report.

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