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Friday, May 5

5th May - French relief and ok US jobs





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EUROPE
Paul Krugman: What’s the Matter With Europe? – NYT
Leonid Bershidsky: The EU Must Change After the French Election – BB
Euro area wage growth should stay subdued, not supporting inflation – Danske Bank


UNITED STATES
  APRIL JOBS REPORT
April Employment Report: 211,000 Jobs, 4.4% Unemployment Rate – Bill McBride
April Jobs Report – The Numbers – WSJ
The April Jobs Report in 11 Charts – WSJ
Wall Street Reacts: Goldman Sees 90% Odds Of June Hike, Citi Expects Weaker Dollar – ZH
US unemployment falls to fresh cyclical low – Pictet
Subdued wage growth a concern for the Fed – Danske Bank
 

REGULARS
Morning Report APACTF
Most Asian markets have retreated today in the wake of falls in crude and commodities. While the falls will cut raw material costs for nations that depend on resources imports the global impact of the plunge has investors worried.

FirstFTFT
Buffett unloads a third of IBM stake, North Korea alleges CIA plot and Erdogan’s blacklist

WSJ CityWSJ
Oil Plunges to Five-Month Low, Brexit Clash Signals Trouble Ahead

Danske DailyDanske Bank

Eye-OpenerNordea
Massive fall in commodity prices and commodity currencies; payrolls and French election ahead

Morning MarketsTF
Tumbling crude and commodities prices gave Asian markets a severe case of the jitters on Friday, with equities heading sharply lower in Hong Kong, and declines seen in Shanghai and Sydney as well.

From the Floor – TF
Oil prices slid dramatically overnight as holders of long positions capitulated in the face of persistently weak fundamentals, and industrial metals have been dented by rising inventories and concerns over China demand. In the FX markets, EURUSD is breaking towards 1.10 even before the outcome of Sunday's French election is known.

Daily Market CommentMarc Chandler
Mixed Dollar Ahead of US Jobs Data and Fed Talk

Brussels PlaybookPolitico

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Oil Fireworks Unsettle Global Markets Ahead Of Payrolls Report

FrontrunningZH


FINNISH
AamukatsausNordea
Öljyn hinta tippui 47 dollarin tasolle | Macronin voittoa sunnuntain presidentinvaaleissa pidetään varsin varmana | Euriborin laskentaan ei vielä muutoksia