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Friday, September 7

7th Sep - Still bearish, US wages higher




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EUROPE
Italian surveys show worrying weakness – Pictet

Italian finance minister moves to reassure EU on budget – Reuters

ECB Preview – Danske Bank
Next week’s meeting is one for the geeks and may contain few changes on the details and technical adjustments.

Draghi Is Pressing Ahead With Rate Hike in 2019 Despite Risks – BB
Economists expect deposit-rate increase by September 2019 * Global trade tensions, Italian politics top list of concerns

The ECB’s Dashboard: Taper auto pilot – ING
Market volatility, Italian fiscal policies and low core inflation will do little to divert the ECB from its taper plans. The auto pilot, turned on in June, should stay on. The reduction in net QE purchases has been well telegraphed and should not surprise anyone. Look for a limited effect on both FX and bond markets


UNITED STATES
  PAYROLLS
Jump in US hourly earnings is key, Canada adds 40k full-time positions – Marc Chandler
U.S. Wage Gains Pick Up to 2.9% While Payrolls Rise 201,000 – BB
U.S. job growth surges; annual wage gain largest since 2009 – Reuters
The August Jobs Report in 8 Charts – WSJ


OTHER
10 years after the financial crisis – JPM
A decade after the collapse of Lehman Brothers, J.P. Morgan takes a look back at the response to the financial crisis that reshaped financial markets and the global economy.

Don't Steal Money From Day Traders Before They Lose It – BB
Boiler room guys knew customers were going to lose their money, so they allegedly spent it themselves.


REGULARS
EU Open Rundown – RANsquawk
 
FirstFT Daily Briefing – FT

WSJ DailyEconomics – WSJ
Chances for a U.S.-China Trade Deal Fade | U.S. Job Growth Expected to Accelerate

Danske Daily – Danske Bank

Daily Market Comment – Marc Chandler
Emerging Markets Stabilize While Euro Shrugs Off Disappointing Data

Brussels Playbook – Politico
Trump’s man in Brussels — Conte’s dodgy job application — Faraging against the machine

Five Things You Need to Know to Start Your Day – BB

US Open – ZH
Global Stocks Slide On Tariff, Payrolls Suspense; Dollar Drops

US Open Rundown – RANsquawk

Aamukatsaus – Nordea
Ruotsissa äänestetään sunnuntaina valtiopäivävaaleissa | USA:n työmarkkinaraportti julkaistaan tänään, kiihtyykö palkkojen nousu? | Riksbank laski korkopolkuaan, ohjauskorko pidettiin ennallaan