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Friday, August 5

5th Aug - Good US jobs-data


Previously on MoreLiver’s:

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EUROPE

ECB Leaves Investors Guessing on Some Banks’ Stress-Test ResultsBB
ECB’s silence contrasts with practice at other regulators * Lack of transparency means investors assume the worst


  UNITED KINGDOM
The recession that Brexit builtPolitico
Expert advice on the perils of leaving the EU cast asideBB

  GERMANY
Support for Angela Merkel dips after summer attacks – Politico
Support For Merkel Plunges After German Terrorist Attacks – ZH
‘No reason for Plan B’ on migration deal: Merkel adviser – Politico
Merkel’s Approval Rating Plunges Following Attacks in Germany – BB


UNITED STATES 
  JULY JOBS REPORT
Jobs Report: Everything You Need to Know – WSJ
Payrolls +255K, wages rise more than expected: rate hike eyed – ZH
Jobs Report – The Numbers – WSJ
US Jobs Surprise, Canada Disappoints – Marc Chandler
Jobs Beat Sparks Bond, Bullion Beating – ZH

U.S. Posts Another Strong Month of Job Gains – BB
U.S. payrolls gains beat expectations, wages rise – Reuters
Wage Growth a Sign of Strength as U.S. Payrolls Jump: Chart – BB
Dollar Rebounds After Payrolls Beat Forecasts as Treasuries Drop – BB
Another strong report makes hike in H2 16 more likely – Danske Bank

Employment Comments: Another Strong Report – Bill McBride
Economists React: ‘The U.S. Labor Market Earned a Gold Medal’ – WSJ
July employment report: strong in nearly every respect – Daiwa
Another strong month for hiring – Nordea


OTHER
Neil Staines: Now comes the fiscal policy eraTF
Today we discuss the evolution of global monetary policy and the global economy's transition towards a greater reliance on fiscal policy and structural reform going forward.

How the Hunt Brothers Cornered the Silver Market and Then Lost it AllPriceonomics


REGULARS
Danske DailyDanske Bank

Eye-OpenerNordea
BoE’s sledgehammer, rallying bonds, US labour market in focus * “Jobs report” day: US labour market still holding up well? * BoE surprised, sending global yields down * The GBP fell two big figures, more downside around the corner

Morning MarketsTF
The NFP print for July could be the catalyst for the Federal Reserve to up its game on the rate-hike cycle but after the mammoth June number there might be something of a swing back towards a more solid print. Elsewhere the BoE $170bn intervention Thursday continues to reverberate around global markets.

Daily Market CommentMarc Chandler
US Jobs Data on Tap, but Don't Expect Miracles

Daily Market CommentMacro Man
Five things to note on payroll day
 
Daily Press SummaryOpen Europe

Brussels PlaybookPolitico

US OpenZH
Futures, Global Stocks Rise As Oil, USDJPY Drops: All Eyes On The Jobs Report

FrontrunningZH
 
From the FloorTF
The British pound dropped sharply following yesterday's Bank of England rate cut but GBPUSD holding the 1.30 line shows that the broader monthly range remaisn intact. Today sees the US nonfarm payrolls print in the spotlight with the consensus estimating 180000 new jobs.


FINNISH
AamukatsausNordea
USA:n työllisyyslukujen odotetaan olevan vahvat * BoE laski ohjauskorkoa ja nosti osto-ohjelmansa tasoa * Englannin keskuspankin elvytyspaketti latisti puntaa * Japanissa palkat nousivat odotettua enemmän