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Friday, September 2

2nd Sep - "Ok" jobs report leaves confusion



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EUROPE

Europe's Broken Banks Need the Urge to MergeBB
 

  EUROPEAN CENTRAL BANK
ECB preview: getting the sequence right – Pictet
Is the ECB Buying Bonds From Itself? – WSJ

Any ECB move into stocks unlikely to be plain sailing – Reuters

Reuters Floats Disturbing Trial Balloon: "The ECB May Be Forced To Buy Stocks" – ZH


UNITED STATES
SG’s Albert Edwards Sees Shades Of 2007ZH

  AUGUST JOBS REPORT
Thoughts Ahead Of The Employment Report – Tim Duy
Payrolls Preview: Brace For Disappointment (But Expect The Fed To Shrug It Off) – ZH
Your Last Minute Payrolls Preview: What Wall Street Expects – ZH
August Jobs Report: Everything You Need to Know – WSJ

August Jobs Report – The Numbers – WSJ
The August Jobs Report in 15 Charts – WSJ
Economists React to the August Jobs Report: ‘Hiring Fell Back to Earth’ – WSJ
US Jobs Disappoint, Risk of Sept Hike Recedes, Dollar Falls – Marc Chandler
US: Jobs report not strong enough for a September hike – Danske Bank
El-Erian: A Mixed Jobs Report for the Fed to Argue Over – View / BB
Job Market Offers the Fed No Solace – View / BB
Signal From the Markets: A Middling Jobs Report Is a Good Jobs Report – WSJ
Lukewarm Hiring Feeds Both Sides of Fed Debate on September Move – BB
U.S. Markets Stuck in a Rut as Jobs Data Keep Traders Guessing – BB


OTHER
Think You Know the Natural Rate of Interest? Think AgainWSJ

Putin Pushes for Oil Freeze Deal With OPEC, Exemption for Iran BB


REGULARS
Danske DailyDanske Bank

Eye-OpenerNordea
Cautiousness prevails ahead of jobs report * We expect a healthy gain in US payrolls, but…
ISM dashed September hike expectations for now * GBP higher across the board

Morning MarketsTF
There's really only one show in town today and that's the US nonfarm payrolls data anticipation of which has kept markets worldwide on tenterhooks all week.

Euro wrap-upDaiwa

Daily Market CommentMarc Chandler
US Jobs Data--Higher Anxiety, Thank You Mr. Fischer

Daily Market Comment Macro Man
Turn down the volume

Daily Press SummaryOpen Europe

Brussels PlaybookPolitico

US OpenZH
August Payrolls Loom: Futures Flat, Dollar Rises, Treasuries Slip

FrontrunningZH

FX UpdateTF
After a decidedly weak ISM manufacturing report yesterday the risks over today’s US jobs numbers is decidedly two-way as the market will try to draw conclusions on the implications for the September 21 FOMC meeting.

From the FloorTF
Tesla shares fell 5% yesterday and Saxo Bank head of equity strategy Peter Garnry says they have further to go still. Beyond single shares and assets however the Fed rate hike narrative looms large with the US releasing its August NFP print today.


FINNISH
AamukatsausNordea
Syyskuun kokous tulee Fedille liian aikaisin * Britannian teollisuuden ostopäällikköindeksi (PMI) kohosi erittäin vahvasti * Ruotsin teollisuuden ostopäällikköindeksi (PMI) romahti yllättäen * Aamukatsaus uudistuu ensi maanantaista alkaen
  
Syyskuun talouskatsaus: Kulutusvetoinen kasvu jatkuuSuomen pankki