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Recent Trend In Earnings Broadly Maintained

US DATA
  • Total AHE revised up, non-supervisory revised down a bit* AHE in line in June forecast but with a small upward revision to May, at +0.31% M/M after +0.38% M/M (prior +0.31%).
  • The non-supervisory measure was stronger for the third month running, dipping to +0.48% M/M from a marginally downward revised +0.52% (prior +0.55%).

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