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Friday, July 7

7th Jul - US jobs strong, bonds, stocks stabilize

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Italy's Bank Bailout Serves German Interests Too – BB
Are we already seeing unwarranted tightening? – ABN AMRO
Germany : Selected Issues – IMF
Germany: Spend More At Home – IMF

Tim Duy: The Fed Is Losing Focus of Its Primary Mandates – BB
Fed Shouldn't Be Fighting the Last War – BB
June Payrolls Preview: With The Fed On Autopilot, You Can Skip This One – ZH
June Payrolls Rise 222K, Beat Expectations, But Hourly Earnings Disappoint – ZH
U.S. Hiring Accelerates While Wage Growth Stays Flat – BB
U.S. job growth accelerates in June, but wages continue to lag – Reuters
June Jobs Report – The Numbers – WSJ
The June Jobs Report in 10 Charts – WSJ
Comment: A Solid Employment Report – Bill McBride

The Stock Market Has Entered Bizarro World – BB
Blame the French for the Latest Selloff – BB
Ray Dalio: The Central Bank Era Is Ending "So Let's All Thank Them" – ZH
Bond Rout Sounds Warning for Equities That Higher Rates Can Hurt – BB
Oil prices plummet 3 percent on oversupplied market – Reuters

Morning Report APACTF
The trend towards rising yields throughout the world is almost certainly going to have an effect on Asian share markets this morning as the big US and European indices fall overnight under the same weight

FirstFT Daily BriefingFT
G20 begins, Cirque du Soleil’s next act, UK business courted

Fears Over ‘Goldilocks’ Economy, U.K. Business Urges Single Market Transition

“Best of the web” daily chartsLukas Daalder

Danske Daily Danske Bank

Bonds take a beating, equities lower, EUR surges, NFP will be scrutinized * All eyes on the US employment report * 10-year Bund yield spikes breaking 0.5% hitting 0.56% intraday * The EUR strengthens approaching YTD highs

Morning MarketsTF
The global selloff in government debt is making its presence known in equity markets which slid essentially across the board into today's European bell. Meanwhile US trade policies are in focus after president Trump took a hard nationalist line in his Warsaw speech.

From the FloorTF
European yields surged on Thursday, with the 10-year bund yield breaking above 50 basis points, and the weakness in bonds spilled over into equities and strengthened the euro.

Daily Market CommentMarc Chandler
Taper Tantrum 2.0 Dominates

Brussels PlaybookPolitico
G20 kicks off — Juncker apologizes — Trump in Europe, Take 2

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

Bond Rout Fades With Futures Flat Ahead Of Payrolls; Pound, Yen, Oil Tumble


FX UpdateTF
The euro is back on the across-the-board rally track as German bund yields cross above key levels. Today’s US jobs report and the G20 summit headline today’s agenda. Could a strong US jobs report aggravate the selloff in bonds and equities?

Tulossa USA:n työmarkkinaraportti | Korot nousussa, pörssit laskussa | Dollari heikkeni euroa vastaan