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EUROPE
Juncker wants Schulz to stay as Parliament
president – Politico
IMF ON
EUROPE
Euro Area Article IV – IMF
Euro Area At The
Crossroads: No Time For Complacency – IMF
IMF Concludes Article IV
Consultation on Euro Area Policies – IMF
Euro Area Policies:
Selected Issues – IMF
BREXIT
Disunited Kingdom
Disinclined to Reverse Brexit – PIIE
Brexit’s Political Risks
Overwhelm Economic Analysis – PIIE
Editorial: The Bank of
England Makes a Capital Mistake – View
/ BB
UNITED STATES
JOBS
REPORT
June Jobs Report:
Everything You Need to Know – WSJ
June Jobs Report – The
Numbers – WSJ
The June Jobs Report in
15 Charts – WSJ
Jobs Report and
Implications – Marc
Chandler
Jobs growth rebounded
but Fed still in 'wait and see' mode – Danske
Bank
Employment Soars By
287K, Smashing Expectations, Highest Since October – ZH
Stocks Jump; Bonds,
Bullion Dump As Rate-Hike Odds Rise On Payrolls – ZH
Yields Tumble, Curve
Flattens As Hilsenrath Hints At September Hike – ZH
Employment Situation
Report is a Monthly Statistics Lesson – Barry Ritholtz
+287,000 Jobs, 4.9%
Unemployment Rate – Bill
McBride
A Strong Report
following a Weak Report – Bill
McBride
Economists React to the
June Jobs Report: ‘Christmas in July’ – WSJ
Strong comeback - jobs
report review – Nordea
OTHER
Great Graphic: More Thoughts on Banks – Marc
Chandler
REGULARS
Danske Daily
– Danske
Bank
Eye-Opener
– Nordea
US oil stocks sink sentiment, can
todays US jobs report reverse this? * Expect solid US payrolls * US and German
yields largely unchanged lining up for US payrolls *NOK hit by high US oil
stockpiles, watch out for Swedish household consumption
Morning Markets –
TF
Friday is a bumper day for economic
releases chief among them the eagerly awaited US nonfarm payrolls numbers. But
though a feeling of cautious optimism prevails this is tinged with nervous
memories of last month's very poor show.
Euro wrap-up
– Daiwa
Daily Market Comment
– Marc
Chandler
US Jobs Data, Little Policy
Significance, but may Provide Distraction ahead of the Weekend,
Daily Press Summary
– Open
Europe
Osborne joins with investment banks
to reiterate commitment to City of London despite Brexit *
Obama: Special relationship between
US and UK will endure * Handelsblatt: Juncker is no longer the right man to
lead the European Commission * Theresa May and Andrea Leadsom to face Tory
members in run-off to determine who will take over as Prime Minister * Belgian
PM: I won’t accept having to pay the bill for Brexit * UK Government to start
preliminary talks over bilateral free trade deal with India * Brexit vote sees
increased support for EU in Germany * Corbyn wants new relationship with EU
that maintains economic ties but loosens state aid restrictions * Hammond
suggests informal talks needed between UK and EU to guarantee rights of
migrants on either side * EU Commission starts formal process to fine Spain and
Portugal for excessive deficit * ECB minutes show concerns over negative
spill-overs from Brexit * UK in talks about giving up rotating EU Presidency in
2017
Brussels Playbook
– Politico
NATO summit — Poland’s powerholic —
Gove gone
US Open – ZH
US Futures Rebound After Volatile
Session, All Eyes On June Payrolls
Frontrunning
– ZH
FX Update –
TF
After a weak May jobs report the
market is expecting some mean reversion in the data series meaning that we may
need to see a very strong set of June numbers to shift Fed rate expectations
and the US dollar.
From the Floor –
TF
Deutsche Bank's gloom is worsening
as its subordinated CDS hits an all-tiime high as the fallout from Brexit
reverberates through the European banking sector.
FINNISH
Aamukatsaus – Nordea
Japanin
vaaleissa mitataan Aben(omicsin) kannatus * USA:n yksityisen sektorin
työpaikkoja syntyi odotettua enemmän * Tänään julkaistavien USA:n
työllisyyslukujen odotetaan olevan vahvat * Punta toipui maltillisesti
pohjatasoltaan
Pankkiunioni on kylvänyt Euroopan
seuraavan kriisin siemenet – Antti
Ronkainen