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EUROPE
Europe's Economic Outlook Darkens, Sends Shudder
Through Markets – BB
UNITED STATES
DECEMBER
EMPLOYMENT REPORT
NFP Preview: US jobs
machine seen gearing down – TF
Your Last Minute
Payrolls Preview: What Wall Street Expects – ZH
Employment Details
Better than the Headlines – Marc
Chandler
Payrolls Miss, +15K,
Wages Jump, Unemployment 4.9% - ZH
Post-Payrolls Reaction:
Sell Everything, Buy Dollars – ZH
+15K jobs, unemployment
rate drops to 4.9 percent – WaPo
151K Jobs, 4.9%
Unemployment Rate, Graphs – Bill
McBride
January Jobs Report:
Everything You Need to Know – WSJ
January Jobs Report –
The Numbers – WSJ
Payrolls in U.S. Climb
as Jobless Rate Declines, Wages Rise – BB
Job growth slows,
unemployment rate at eight-year low – Reuters
Weaker job growth but
still a healthy pace – Nordea
The January Jobs Report
in 12 Charts – WSJ
Economists on jobs
report: ‘Leaves open a March Hike’ – WSJ
Wages surprised on the
upside, employment growth slowed – Danske
Bank
70% Of Jobs Added
Minimum Wage Waiters And Retail Workers – ZH
El-Erian: 4 Reasons to
Cheer the January Jobs Report – View
/ BB
OTHER
Citi: 'We Should All Fear Oilmageddon' – BB
A feedback loop of the
U.S. dollar, crude, capital flows, and emerging markets.
Dollar tumbles as Fed rescues China in the nick
of time – The
Telegraph
The central banks of
Europe and Japan discover that it is impossible to stave off deflation by
debasing their currencies when everybody is playing the same game
JPY, European financials, sentiment, US yield
curve – TF
JPY has not been going
anywhere, slowly eroding trust in the BoJ * European financial stocks offer
good value versus the overall market * High level of economic sentiment kind of
guaranteed a deep market correction * US recessionary-like yield curve suggests
Fed could shift its attitude
REGULARS
Morning MoneyBeat US – WSJ
Will a Soft Jobs Number Provide the
Markets a Boost?
Danske Daily – Danske
Bank
Euro rates update – Nordea
Eye-Opener – Nordea
Calmness ahead of US payrolls; USD
and GBP under pressure * US jobs day – expect payback from a strong Q4 * Only
12 bp priced in to Fed funds * Sterling suffers from dovish BoE
Morning Markets – TF
Tokyo stocks fell and the dollar
steadied at lower levels against the yen and other major currencies on Friday
ahead of US January nonfarm payrolls which are keenly awaited for signs of
whether the US economy is strong enough to keep the Fed's tightening on track.
Daily FX Comment –
Marc
Chandler
It is Not All About U.S. Jobs
Daily Shot – TF
Financial institutions
in Europe are under pressure and Germany's biggest bank Deutsche Bank is in
deeper trouble than most. Elsewhere the strength in the EUR and weakness in the
USD are important factors for many industries and markets. Rate hikes by major
Central Banks as Federal Reserve and Bank of England become less and less
likely.
Daily Press Summary – Open
Europe
Polish PM: Emergency
brake on EU migrants’ benefits “doesn’t make me happy” *
New YouGov poll: Record
9-point lead for Leave as 46% say EU deal does not go far enough * EU
Commissioner says detention centres needed for failed asylum seekers, as
suspected IS terrorist posing as refugee apprehended in Berlin * Catalan leader
says UK-EU deal is “encouraging” for Catalonia * ECJ could frustrate UK
attempts to deport non-EU citizens * New Spanish poll suggests re-run elections
would not break the political stalemate * Lagarde: Debt relief must go hand in
hand with Greek reforms * BoE continues to fight EU over bankers’ bonus cap * Commission
to launch new trade probes over cheap Chinese steel
Brussels Playbook – Politico
Portugal budget —
Managing migration — Dealing with Brexit
US Open – ZH
Futures Unchanged, Global Stock
Algos Anemic Ahead Of U.S. Payrolls Report
Frontrunning – ZH
Today’s US January jobs
report caps off a frantic week of trading and next week starts with a bang too
as China is set to report its January FX reserves this weekend before New
Year's celebrations in Asia wind down next week.
Weakness in USD is still
a decisive factor across markets and will be so in the near future too.
European financials though are suffering from other difficulties namely bad
loans but in the short run they are worth looking at after a January meltdown.
FINLAND & FINNISH
USA:n työllisyysluvuissa pettymyksen riski * Englannin
keskuspankki muuttui kyyhkymäisemmäksi * Saksan tehdastilaukset kääntyvät
laskuun * Ruotsissa teollisuustuotannon kasvu jatkuu
Pohdintaa Suomen
kohtalonkysymyksistä – Peter
Nyberg