Europe’s Economy
Rekindles Growth That Still Lacks Confidence – BB
Region
begins May with a skip as GDP, inflation outperform * Buoyant company earnings
provide matching picture of health
A renewed spring
in Europe's step
– BlackRock
We
expect Europe to shake off its current soft patch later this year, getting a
boost from China’s stimulus efforts and any resulting rebound in global
manufacturing. If the global growth backdrop improves and one-off setbacks
subside, solid domestic demand should drive the recovery.
Draghi’s Successor
as ECB President Won’t Be Like Mark Carney – BB
Benefits
of appointing an outsider unlikely to sway EU leaders * Political reality means
Irish, U.K. examples won’t be followed
Euro area inflation watch: Temporary Easter spike – Nordea
Euro
area core inflation temporarily accelerated to 1.2% in April. In May, we expect
inflation to slow-down again to its pre-Easter levels, as the uptick last month
can be mostly ascribed to Easter effects.
Euro-Area
Inflation Accelerates After String of Upbeat Data – BB
Headline
inflation rate rises 1.7% in April, beating estimate * Core measure of prices
quickens to 1.2%, strongest in 6 months
UNITED STATES
Fed 'insurance' rate cut not likely soon as economy hums along – Reuters
Fed 'insurance' rate cut not likely soon as economy hums along – Reuters
Fed
chair Powell was criticized by analysts and investors this week when he seemed
to set aside concerns about weak U.S. inflation, repeatedly describing its
recent decline as temporary and dimming market expectations of an interest rate
cut.
PAYROLLS
U.S.
job growth surges; unemployment rate drops to 3.6 % - Reuters
U.S.
Jobs Top Forecast at 263,000 Gain; Wages Miss Estimates – BB
Robust
payrolls; a “soft” decline in unemployment; moderate wage growth – Daiwa
Jobs
Smash Expectations, Soar By 263K, But Wage Growth Muted – ZH
"One-Offs"
Pump-Up Payrolls As Supply-Chain Hiring Grinds To A Halt – ZH
Hiring
Picks Up, Unemployment Drops Down – WSJ
Dark
Linings in a Sunny Jobs Report – BB
Booming
jobs market argues against rate cuts – ING
Labour
Market says Powell was right – Nordea
OTHER
The Belt and Road
is about domestic interest groups, not development – Andrew
Batson
REGULARS
Five Things to
Start Your Day Asia
– BB
Eco Day Asia – BB
U.S.
Jobs Data, Trump's Fed Losing Streak, ECB Optimism * Even Hollywood knows happy
ending to China talks no guarantee * ‘T’ is for ‘transitory,’ not ‘Trump,’ as
Fed manages to excite
Five Things to
Start Your Day Europe
– BB
EU Open Rundown – RANsquawk
FirstFT Daily
Briefing
– FT
Brussels Briefing – FT
Spitzen
Skirmish: Candidates cross verbal swords on everything from environmental taxes
to European armies
Brussels Edition – BB
Brussels Playbook – Politico
Florence
fight club — Central battlegrounds — Inside Sánchez’s war room
Danske Daily – Danske
Bank
Eco Day Europe – BB
U.S.
Jobs Day, ECB Insider Pick, White House Fed Fumble * European Central Bank will
probably look internally for chief * Fed watchers mull White House vetting
process amid fourth miss
Daily Market
Comment
– Marc
Chandler
Ahead
of US Jobs Report, the Greenback Remains Firm
Five Things to
Start Your Day US
– BB
US Open Rundown – RANsquawk
US Open – ZH
Global
Markets, S&P Futures A Sea Of Green Ahead Of Payrolls
Eco Day US – BB
U.S.
Jobs Day, Euro-Area Inflation, ECB Succession * Payroll report may see boost
from temporary census hiring * Price growth in eurozone picks up after week of
upbeat data
FINNISH
Aamukatsaus – Nordea
USA:n työmarkkinaluvut ovat tänään markkinoiden huomion
keskipisteessä | Euroalueen inflaation odotetaan nousseen huhtikuussa |
Ison-Britannian keskuspankki piti korkonsa paikoillaan