US: Challenger job cuts and weekly jobless claims in focus - BBH

Research Team at BBH, suggests that the US calendar is light with Challenger job cuts and weekly jobless claims the main events. 

Key Quotes

“Yesterday's jump in the service ISM, including employment, new orders, and new export orders offset the disappoint ADP estimate (165k) that reached a five-month low.  The improvement in the US stands in stark contrast with the Eurozone and Japan.  In the coming month, investors will learn whether the diverging sentiment is reflecting diverging economic performances.”