MNI BRIEF: China To Strengthen Policy Easing In 2025: Poliburo

MNI BRIEF: Japan Nov Sentiment, Outlook Indexes Rise

MNI BRIEF: China Nov CPI Slows To 5-Month Low Of 0.2% Y/Y

MNI: PBOC Sets Yuan Parity Higher At 7.1870 Mon; -1.39% Y/Y

MNI: China CFETS Yuan Index Down 0.36% In Week of Dec 6

MNI: PBOC Net Injects CNY13.8 Bln via OMO Monday

MNI JAPAN Q3 GDP REV +0.3% Q/Q; PRELIM +0.2%; MEDIAN +0.2%

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT PRELIMINARY DEC INDEX 74.0

CANADA NOV IVEY PURCHASING MANAGERS INDEX 52.3 SA

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Futures In A Holding Pattern Ahead Of Non-Farm Payrolls

US TSYS

TYM4 is trading at 108-10, -0-01+ from NY closing levels, near of the top of today’s relatively narrow Asia-Pac range. Today’s high remains below Thursday’s intra-session high. News flow has been light.

  • There has been no cash trading in Asia today with Japan out for observance of the Constitution Memorial Day holiday.
  • After shrugging yesterday’s higher-than-expected Unit Labor Costs and slightly lower than expected Initial Jobless Claims, the market’s focus has turned to Non-Farm Payrolls later today.
  • Bloomberg consensus sees nonfarm payrolls growth of 241k in April after another strong 303k in March. Markets will be mindful of household survey volatility but with continued focus on immigration-driven supply side strength, the u/e rate should help guide on broader labour market balance. At 3.83% in March, it doesn’t take much to move closer to the FOMC’s 4.0% end-2024 forecast.
  • AHE growth is seen settling in at 0.3% M/M pace again although a few analysts caution potential downside risks from calendar effects.
  • See MNI US Payrolls Preview: Fed Sensitive To An Unexpected, Meaningful Weakening here.
BulletMarketsFixed Income BulletsHomepage
BulletMarketsFixed Income BulletsHomepage

To read the full story

Close

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.