Stocks Muted Before the Open as Rally Pauses, U.S. Jobless Claims Data on Tap

The ADP National Employment report released on Wednesday showed that U.S. private nonfarm payrolls unexpectedly fell -32K in November, weaker than expectations of +5K. Also, U.S. September industrial production rose +0.1% m/m, in line with expectations, while manufacturing production was unchanged m/m, weaker than expectations of +0.1% m/m. In addition, the U.S. import price index was unchanged m/m in September, weaker than expectations of +0.1% m/m. At the same time, the U.S. ISM services index unexpectedl ...