MNI China Daily Summary: Monday, May 13

MNI BRIEF: Beijing Reveals 2024 Bond Issuance Plan

MNI BRIEF: BOJ Cuts Scale Of 5-10 Year JGB Buying By JPY50 Bln

RPT-MNI POLICY:BCB Dissenters Feared Reaction Function Misstep

MNI: PBOC Conducts CNY2 Bln Via OMO Mon; Liquidity Unchanged

MNI: PBOC Sets Yuan Parity Higher At 7.1030 Mon; -4.18% Y/Y

MNI UK Labour Market Preview - May 2024 Release

EZ/UK Bond Supply Calendar: EU, IT Syndis; NE, UK, DE Due Tuesday

EZ/UK T-Bill Calendar: Spain, Finland Auction on Tuesday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

MNI BRIEF: Poilievre Calls QE 'Scam' And Would Limit BOC Remit

MNI: Growth Drag From Net Zero Carbon Goal Can Be Offset-OECD

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Barclays economist Michael Gapen....>

US DATA PREVIEW
US DATA PREVIEW: Barclays economist Michael Gapen expected US August employment
report out Friday, Sept. 1st, to show "another month of solid growth in
employment." He expects "nonfarm payrolls to rise by 200k and for private sector
payrolls to rise by 190k. Factors that underlie our forecast are initial and
continuing claims, which point to subdued rates of separation in the labor
market, and the rebound in the employment diffusion index over the past two
months, which indicates employment growth has been more broad-based across
industries."
- He adds "the labor force participation rate has moved higher by two-tenths in
recent months to 62.9% and has yet to move above 63.0% since March 2014. As a
result, we look for solid employment and lack of further near-term upward
momentum in participation to lead to a one-tenth decline in the unemployment
rate to 4.2%. Elsewhere in the report, we look for average hourly earnings to
rise by 0.3% m/m (2.7% y/y) and for average weekly hours to remain unchanged at
34.5."

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