Google Analytics

Friday, June 2

2nd Jun - Ok jobs report, bullish close






Follow ‘MoreLiver’ on Twitter


EUROPE
  FUTURE OF EURO AREA
Lucrezia Reichlin: Vive l’Euro? – Project Syndicate
Europe as an optimal political area: New findings – voxeu
A Realist's Guide to Euro Zone Integration – BB
Europe inches closer to a plan for fixing its financial flaws – The Economist
Join the Euro? Prospects Look Ahead but No Rush to Get There – WSJ

 
UNITED STATES
Editorial: Trump's Big Paris Mistake – BB
Trump to Pull Out of Paris Agreement, But Not Until Late 2020 – PIIE
Gary Shilling: Confidence is up sharply, yet retail sales are down – BB

  MAY JOBS REPORT
Slower Hiring, Unemployment Drop Give Mixed U.S. Labor Signs – BB
U.S. job growth slows; unemployment rate drops to 4.3 percent – Reuters
May Jobs Report – The Numbers – WSJ
The May Jobs Report in 11 Charts – WSJ
Economists React to the May Jobs Report: ‘Isn’t a Disaster’ – WSJ
Comment: A Disappointing Employment Report – Bill McBride


REGULARS
Morning Report APACTF
The Nikkei has topped 20000 for the first time since late 2015 and the US economy got an extra boost from the ADP National Employment Report which show US private hiring is booming.
The result has been Asian stockmarkets not wanting to be left behind this morning.

FirstFT Daily BriefingFT
Trump’s Paris withdrawal blasted, Cannes yacht crackdown, Manila casino attack

WSJ CityWSJ
Firms React as Trump Quits Climate Deal, EU’s Troubled Bid to Seize Moment

Danske DailyDanske Bank

Eye-OpenerNordea
Italy hit again, US equities with fresh highs, eyes on US payrolls * US jobs report to support the Fed’s tightening plan? * Italian yields continue underperforming relative to the Euro area * Solid ADP reinforces the USD momentum temporarily

Morning MarketsTF
Europe might get more united and strengthen its ties with Asia after US president Donald Trump has announced that his country will leave the landmark 2015 Paris climate deal.

From the FloorTF
Markets await today's nonfarm payrolls report from the US, but the key component is not the headline jobs number but rather the wage component

Daily Market Comment Marc Chandler
Dollar Marks Time Ahead of US Jobs Report

Brussels PlaybookPolitico
World dumps Trump — EU-China summit — UK and Malta elections

Five Things You Need to Know to Start Your DayBB

10 things you need to know before the opening bellBI

US OpenZH
Stocks Set For New All-Time Highs, Nikkei Rises Above 20,000, Oil Slides

FrontrunningZH

FX UpdateTF
The market largely shrugged off yesterday’s strong May ADP private payrolls data, save for a jump in USDJPY, so today’s payrolls and earnings data are the last best chance to see whether US data alters anticipation of the next FOMC meeting. Meanwhile, next Thursday’s UK election and ECB meeting loom large.


FINNISH
AamukatsausNordea
Työmarkkinaraportti sinetöi Fedin noston * Tänään julkaistaan USA:n työllisyysraportti * Isossa-Britanniassa Brexit ei vieläkään vaikuta tehdasteollisuuteen * Nikkei pitkästä aikaa yli 20 000 pisteen rajan