All good in the US hood - ANZ

Analysts at ANZ explained that the US data was "all good" overnight.

Key Quotes:

"The US ADP result was close to expectations and is unlikely to drive a significant change in expectations for non-farm payrolls and suggest the labour market continues to tighten.

The US Markit PMI beat expectations at 53.1, despite a fall in the employment subcomponent.

The non- manufacturing ISM was strong at 57.5 (from 55.2) with the details strong too – new orders jumped to 63.2, and prices paid also lifted markedly. European GDP matched expectations."