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Saturday, October 6

5th Oct - Stock and bonds fall


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EUROPE
EU Eyes Quick U.S. Trade Pact to Avoid Trump Car-Duty Threat – BB
Commerce ministers place faith in joint roadmap from July * ‘Time is running out,” says German Economy Minister Altmaier

EU weighs what to offer Trump on trade – Reuters

Money Laundering Scandal Turns Danske Into Europe’s Worst Bank Stock – BB
Watchdog doubled extra buffer requirement amid Estonia scandal * Bank’s shares plunged as much as 11 percent on Friday alone 

  ITALY
Italian Politics Monitor – Danske Bank
The (budget) genie is out of the bottle

Ferdinando Giugliano: Italy's Smoke and Mirrors Won't Fool Markets – BB
The country is on course for a battle with the EU and financial markets.

Italian Rout Returns As Salvini Blasts Juncker, Moscovici After Europe Mocks Budget – ZH


UNITED STATES
  PAYROLLS
Nonfarm Payrolls Preview: Hurricane And Hourly Earnings – ZH

U.S. Payrolls and Wages Cool While Jobless Rate Hits 48-Year Low – BB
Nonfarm payrolls below estimates in hurricane-affected month * Average hourly earnings rose 2.8 percent from year earlier

U.S. job growth cools; unemployment rate falls to 3.7 percent – Reuters

US Labour Market comment: Strong, despite Florence – Nordea
The labour market showed strength in September with more than 200k new jobs when including revisions to previous months – despite Hurricane Florence – and still showed strong wage growth momentum.

The September Jobs Report in 9 Charts – WSJ

Here Is The Reason For Today's Big Jobs Miss – ZH

VIX Flash-Crashes, Yields Spike, Stocks Pump-n-Dump After Jobs Data – ZH

September Jobs Miss Made Up by Strong Revision – Marc Chandler

 
REGULARS
EU Open Rundown – RANsquawk

Brussels Edition Daily – BB

Brussels Briefing – FT
Brussels will remain the EU’s only budgetary policeman * Lawyers warn against interference from the ESM that would amount to a breach of treaty law

Eco Day Europe – BB
Powell Praise, Trade War Pain, Italy Spars With the EU
 
WSJ Daily Economics – WSJ
Why Employers Can’t Find Blue-Collar Workers | Trump’s New Trade Template | ‘The Fed Is Independent’

Danske Daily – Danske Bank
US-China tensions flare up again

Daily Market Comment – Marc Chandler
US Jobs Data will Test Dollar Bulls and Bond Bears

Brussels Playbook – Politico
Italy shows us (some) numbers — Stop whining, Britain — Socialist troubles

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

Eco Day US – BB
Italian Optimism, Gradual ECB, Rising U.S. Debt Pile

US Open – ZH
Global Stocks Slide, Asian Techs Hammered As Rate Rout Continues

US Open Rundown – RANsquawk

Aamukatsaus – Nordea
Brasiliassa äänestetään sunnuntaina presidentinvaaleissa, toinen kierros 28.10. | USA:sta julkaistaan tänään syyskuun työmarkkinaraportti, katseet työpaikkojen ja palkkojen kasvussa | Eurotaala nousi hieman kuuden päivän laskun jälkeen