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ADP data has been released, the expectation was 11.5, the published value is 15.5
There is basically no difference; this data usually has huge deviations, and this time the deviation is only 4, so it can basically be considered as nothing happening.
However, overall it indicates that the U.S. economy is improving, and the non-farm data expected to be released soon is also likely to promote a rate cut in the U.S., so without this data, one can consider there is no negative impact, which is a positive sign for rate cuts.
Let's see how the U.S. stock market opens tonight.
The Qingming Festival is coming soon; when burning paper money, everyone remember to burn some for the dogs. 🫢