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Friday, December 4

4th Dec - Moderate US jobs guarantee the rate hike



Previously on MoreLiver’s:


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EUROPE
German economy picking up at an increasing pace – Deutsche Bundesbank
Bundesbank: German Economy Can Expect Modest Migrant Boost – WSJ

  EUROPEAN CENTRAL BANK
5 Takeaways From Mario Draghi’s News Conference – WSJ
A Crushed Goldman FX Strategist: "We Badly Misread This Meeting" – ZH
ECB may well need to do more – ABN AMRO
ECB Fumbles the Stimulus-Baton Hand-off, Mussing Up the Fed’s Plans – WSJ
Nobody expects - ECB more dorkish than expected – Polemic’s Pains
Over-promised, under-delivered? – TF
Speech  Mario Draghi: Global and domestic inflation – ECB
Draghi Says There Can't Be a Limit to ECB Action Within Mandate – BB
Market Soars After Draghi Corrects His "Error" – ZH


UNITED STATES
Janet Yellen: Economic outlook / Dec-3 – BIS

  NOVEMBER JOBS
Can the Fed hike with ISM below 50? – The Big Picture
November Jobs Report: Everything You Need to Know – WSJ
November Jobs Report – The Numbers – WSJ
The November Jobs Report in 14 Charts – WSJ
Economists React: ‘Very Likely Fed Will Begin Raising Interest Rates’ – WSJ
Jobs Data Keeps Fed on Track to Hike – Marc Chandler
Jobs report gives Yellen green light – Danske Bank
Comments: Solid November Employment Report – Bill McBride
Fed will raise rates in December – Nordea


REGULARS
Morning MoneyBeat Asia – WSJ
U.S. Stocks Drop After ECB Underwhelms

Morning MoneyBeat Europe – WSJ
European Stocks Lower on ECB Aftershocks

Morning MoneyBeat US – WSJ
What Jobs Miss Would it Take for the Fed to Pause?

Danske Daily – Danske Bank

Euro rates update – Nordea

Eye-Opener – Nordea
EUR and rates rocket up on ECB; solid payrolls, OPEC surprise could add fuel to volatility * ECB expanded stimulus, but not as much as expected * ECB under-delivers, rates explode * EUR/USD up close to 1.10 on Draghi – payrolls is last hope for USD today

Morning Markets – TF
EURUSD has set up base camp in the foothills around the 1.09 zone and today's nonfarm payrolls print could either cut off the Draghi-led rally at the knees or provide fresh impetus towards the 1.10 zone.

Daily FX Comment – Marc Chandler
From the ECB's Failure to Communicate to US Jobs to Confirm Fed Signals

Daily Shot – TF
Those who got caught in the crowded short euro trade can't say they weren't warned. The euro jumped more than 3% as the crowded trade unwound violently bond yields spiked across the board and the Dax plunged.

Daily Press Summary – Open Europe
David Cameron confirms deal on UK’s EU reform package is unlikely in December * Danish referendum: Voters reject closer EU co-operation on crime and policing * Markets fall as ECB easing falls well short of expectations * Greece requests additional EU support to police its border with Macedonia as Sweden considers closing bridge linking it with Denmark * Central and Eastern EU member states voice opposition to ‘mini-Schengen’ * New poll: Front National could finish ahead in half of French regions in first round of upcoming election * US considers plans to limit visa-free travel for EU states unless they accept greater intelligence sharing * New Spanish poll gives ruling party a clear lead, but outright majority remains far away * Portuguese Socialist government officially in power with backing of other left-wing parties * Bundestag votes to back German military intervention in Syria *

Brussels Playbook – Politico
Denmark says ‘no’ — Big Mac Attack — PNR

US Open – ZH
Futures Rebound On Hope Today's "Most Important Ever" Jobs Number Will Not "Draghi" The Market

Frontrunning – ZH

FX Update – TF
Yesterday’s ECB meeting was one for the record books as market expectations for more policy easing were dashed on nearly every front raising the risk of a general deleveraging into year-end on the fear that Europe's central bank is more or less done with QE.

From the Floor – TF
Yesterday's ECB shock sent equities into a tailspin and the euro to the moon but this morning's trade seems to show the sort of retracement that is the financial world's equivalent of a hangover. But will Opec upset the apple cart yet again?


FINNISH
Aamukatsaus – Nordea
EKP-pettymys ajoi korot ylös | USA:n työpaikkaraportti pitää yllä Fedin joulukuun koronnostoa | OPEC pitää öljyn tuotantokiintiön ennallaan

EKP:lta uudenlainen normaalisäätö – Roger Wessman

Yhteiskuntasopimus – Suomi 2017