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EUROPE
The political economy of
fiscal transparency and independent fiscal councils – ECB
Euro Area: Growth
tailwinds dominate headwind from EUR near term – Danske
Bank
Draghi's 'Markets' Have
"Totally Gone Nuts" – ZH
In spite of broadening
growth, ECB will remain prudent – Pictet
UNITED STATES
Mueller Using Washington
Grand Jury in Russia Probe – BB
Wall Street Analysts
Respond To Mueller's Grand Jury Subpoena – ZH
Nouriel Roubini: A Dim
Outlook for Trumponomics – Project
Syndicate
JULY
JOBS REPORT
Payrolls Beat: +209K
Jobs, Solid Wage Growth, Unemployment Drops –
ZH
"Excellent Jobs
Numbers" Send Dollar, Bond Yields Higher; Stocks Shrug – ZH
July Jobs Report – The
Numbers – WSJ
The July Jobs Report in
10 Charts – WSJ
Economists React: ‘A
Banner Jobs Report’ – ZH
Constructive US Jobs,
but Where Do the Euro Bulls make a Stand? – Marc
Chandler
The US economy remains
in good health - jobs report review – Nordea
Strong U.S. jobs report
bolsters case for further Fed tightening – Reuters
Payroll Gain of 209,000,
Wage Rise Show U.S. Labor Strength – BB
El-Erian ‘More and More
Worried’ About Wages, Even as Jobs Gain – BB
OTHER
Aaron Brown: Stock
Market Charts Without Context Only Feed Hysteria – BB
FANG Break-Up? Tech
Stocks Diverge – WSJ
Richard Breslow: "What
If Bond Yields Were Right All Along?" – ZH
REGULARS
Morning Report APAC – TF
Oil lost ground and gold prices fluctuated widely in the US on Thursday.
Meanwhile sentiment in fragile in Asia today as investors digest developments
in the Russian election influence story in the US and await the release of the
nonfarm jobs report.
FirstFT Daily Briefing – FT
Mueller investigation intensifies, WannaCry nemesis arrested, how to
launder $81m
WSJ City – WSJ
RBS Swings to Profit, Business Group Seeks Transition Clarity, Mueller
Impanels Grand Jury
“Best of the web” daily
charts – Lukas Daalder
Danske Daily – Danske Bank
Eye-Opener – Nordea
Lower rates and EUR/USD at 1.1880 ahead of payrolls * Another solid US
jobs report expected * Flatter German and US yield curves * EUR/GBP breaks 0.90
mark
Morning Markets – TF
Asian investor sentiment was subdued ahead of the release of nonfarm jobs
data in the US. Korea's Kospi Composite headed back into positive territory
after sharp falls on Thursday but it didn't regain much ground lost due to the
talk of a hike in corporate taxes. In Australia the largest listed bank is in
hot water with a government funds tracking agency over alleged anti-money
laundering breaches.
From the Floor – TF
Bonds rallied overnight and sterling fell after the Bank of England held
rates steady on Thursday and expressed worries about the implications of Brexit
for the UK economy.
Daily Market Comment – Marc Chandler
Does the Employment Report Matter?
Brussels Playbook – Politico
Russian sanctions calm — Military Schengen — Tusk testifies
Five Things You Need to
Know to Start Your Day – BB
10 things you need to
know before the opening bell – BI
Futures Flat As Payrolls Loom, Dollar Slide Continues
Frontrunning – ZH
FX Update – TF
A weak July ISM non-manufacturing survey sets up today’s US nonfarm
payrolls report where bad data could lead to a fresh capitulation for the US
dollar – particularly against the JPY.
FINNISH
Aamukatsaus – Nordea
Tänään julkaistaan USA:n työmarkkinaraportti - joko
palkat nousevat? * Englannin keskuspankki piti rahapolitiikan ennallaan - punta
heikkeni euroa vastaan vajaan prosentin