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Sunday, August 28

28th Aug - Weekly Support

Here are the links to the weekly roundups, reviews and also previews of the beginning week. Last week’s roundup-post is here.

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Weekly ScoreboardBetween The Hedges

Succinct summation of week’s eventsThe Big Picture

Weekly Market ReviewZH

US Schedule for WeekBill McBride

Economic Calendar – Berenberg

5 Things to Watch in US Economics Calendar – WSJ

Global Week Ahead – BB
Jobs Data as Fed Fodder; Auto Sales * Spain lawmakers decide on Rajoy; McCain has primary challenge * ICBC, report earnings; U.S. Open tennis begins

EU Week AheadWSJ
Foreign Ministers, Net Neutrality, Turkey

Wall St Week AheadReuters
Jobs data to be a big deal for record-high stocks

Weighing the Week Ahead Jeff Miller
This week’s calendar is loaded with important data. Now that the Jackson Hole Fed Conference is over, can we expect a policy change soon? Every data report this week will get special scrutiny. Will the Fed get the signal to hike rates?

Week Ahead: US job report and PMIs in focusNordea
Next week’s key event in the US will be new job report and the ISM manufacturing index, which we expect to confirm healthy growth in the economy. Euro Area inflation should show a small uptick while unemployment should continue its downtrend. The Chinese PMI readings will be rather soft while the UK figure will show whether activity recovered after the slump in July.  In the Nordics, we expect 0% q/q GDP growth in Norway and a slight drop in retail sales as well as PMI figures in Sweden.

Weekly Focus: US jobs report may tell how close a Fed rate hike is Danske Bank
US: Jobs report for August on Friday, we estimate +175,000 payrolls in line with consensus. Our estimate is below the prints of the last two months, but still above the amount needed for
slack to come down (estimated in the range of 75-150k) * Euro area: y/y inflation has ticked up every month since April and we expect this to continue in August as base effects will keep upward pressure on inflation * China:  a clear risk of a correction lower in the Caixin PMI manufacturing index which rose strongly in July. We estimate the index will fall to 49.8 (consensus 50.2) and thereby close the gap to the official PMI which was much more subdued in July

Weekly Strategy: A checklist for the US economy Danske Bank
The US economy is on a firmer footing as financial conditions are more supportive and the drag
from the low oil price is fading * The Fed is eyeing the next hike – job growth and global risks are key for the timing * Euro area resilient to Brexit – we have revised GDP growth higher * Stocks supported by low yields and fewer risks. Bond yields low for longer, EUR/USD range bound.

UK Week AheadHandelsbanken

Week AheadHandelsbanken

Global Views Weekly Scotiabank
It All Comes Down To Nonfarm * World Trade Turns Higher — But Slowly And From A Low Base * The Fed, Asset Bubbles And The Reach For Yield 7-8 * Global Auto Sales Accelerate To Record Highs — Emerging Markets Rebound

Weekly FX Sentiment Report Scotiabank

Weekly Market OutlookMoody’s
US Financial Stability Improves Despite Easy Policy

Macro Weekly: Yellen hints Fed hike edging closer – ABN AMRO
Fed Chair Yellen signals that case for a rate hike is stronger but remains non-commital on the timing of the move * US growth momentum turning up, eurozone flattening out * Japan looks set for renewed deflation, which will trigger BoJ easing

Speculative PositioningMarc Chandler
Currency Speculators Went Fishing

FX OutlookMarc Chandler
Summer Lull Ends with a Bang

Weekly Macro Commentary Marc Chandler
Yellen Pushes Divergence Front and Center