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Free AccessCredit Suisse said the economic.....>
US DATA PREVIEW: Credit Suisse said the economic data highlights for next week
are the "July Employment Report" out Friday "and the ISM manufacturing index"
out Tuesday.
- "We expect payrolls growth to maintain its strong trend in July, with headline
job gains coming in at 210K," they said. "Leading indicators for the labor
market have been broadly positive in recent months. We expect the unemployment
rate to drop to 4.3% after ticking up slightly in June. We expect wage growth
can rise somewhat in the months ahead and forecast a small pickup to 0.3% MoM in
July's report. However, due to a strong base effect, this solid monthly reading
would actually cause the YoY average hourly earnings growth to slip to 2.4%."
To read the full story
Sign up now for free trial access to this content.
Why MNI
MNI is the leading provider
of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.