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Friday, August 2

2nd Aug - EU Open - Jobs Friday



Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT
Asia Morning MoneyBeat: Now This is How You Kick Off a Month – WSJ
Europe Morning MoneyBeat: Waiting for Payrolls – WSJ


MORNING BRIEFINGS
3 Numbers to Watch: US payrolls, personal income, factory ordersTradingFloor
US payrolls are expected to show a strong reading after yesterday's ISM Manufacturing Index. With some luck, consumer spending and factory orders will do the same and steer the Fed towards an early tapering scenario.

Market Preview: US non-farm payrolls grabs attentionTradingFloor
European markets are likely to open higher on Friday. Investors will keep an eye on a slew of US macro releases due later today, especially the US non-farm payrolls report.

Danske DailyDanske Bank (pdf)
ECB will announce the weekly repayment of the 3Y LTRO, which is likely to attract attention as excess liquidity continues to fall towards the EUR200bn mark... We expect total payrolls to gain 175,000 in July and private job growth to reach 185,000... Fed’s Bullard speaks on the US economy.

Market comment: Payrolls the name of the game todayNordea
Treasuries with a big sell-off – payrolls with the potential to reverse that * Equities with big gains and the positive momentum likely to continue * ECB retains an easing bias – slightly more positive on the economy * US ISM surges higher – jobless claims beat expectations * Berlusconi convicted – ban on politics not confirmed * Euro-zone confidence data continues to improve * UK economy picking up steam * The stability in payrolls numbers cannot continue

AamukatsausNordea
EKP toimi odotetusti – markkinat eivät * Painokoneet seis – ISM ylitti odotukset * Dollari vahvistui positiivisesta jenkkidatasta

Aamukatsaus Tapiola (pdf)
Globaalin teollisuuden kiihtymisestä kertovat ostopäällikköindeksit selvässä nousussa. Yhdessä keskuspankkien elvyttävän linjan kanssa tukevat osakemarkkinoita. Markkinan suunta:  Positiivinen makrodata lennätti osake- ja hyödykemarkkinaa, S&P 500 nousi yli 1 700 pisteen. Globaalissa ostopäällikköindeksissä voimakas toipuminen, myös ”HEX” PMI yli 50 tason. Tänään julkaistaan USA:n työmarkkinaraportti. Osakefutuurit plussalla, indikoiden nousuavausta OMX HEX:iin. 2Q13-tuloskauden kommentit: Affecto, BioTie Therapies, Fiskars, Metsä Board, Nurminen Logistics, Sponda.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat