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Jobless claims miss expectations......>

US DATA REACT
US DATA REACT: Jobless claims miss expectations (1.48mln vs 1.32mln exp, last
week revised weaker to 1.54mln from 1.51mln, continuing claims a slight beat
(19.5mln vs 20.0mln exp) in addition to upward revision of last week.
- While weekly claims were probably the most watched data item, notable that May
durable goods orders beat across the board, incl overall/ex-transport/core
orders, and final reading of Q1 GDP was in line with expectations.
- Fairly muted market reaction all around, Tsys initially moving higher then
back lower as equities edged higher.

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