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EMERGING MARKETS: Global News: January 10

EMERGING MARKETS
  • US (MNI) – Nonfarm payrolls growth is seen at 165k in December. The initial response rate to the establishment payroll survey increased notably back last month but we don’t rule out further large two-month downward revisions. The unemployment rate is broadly seen holding at 4.2%, although at an unrounded 4.246% in November it wouldn’t surprise if it rounded to 4.3%. A ‘high’ 4.3% would still be notable, though, for a fresh recent high.
  • JAPAN (MNI) – BoJ officials are likely to discuss raising their inflation outlook at a policy meeting later this month, although no rate decision has been made yet at this point, according to people familiar with the matter. The officials will probably talk about upgrading projections for inflation excluding fresh food and energy for this fiscal year and next, according to the people.
  • US / RUSSIA (MNI) – Reuters reporting comments from Kremlin spox Dmitry Peskov. In response to US President-elect Donald Trump's remarks on 9 Jan that "[Putin] wants to meet and we are setting it up," Peskov says that President Vladimir Putin "has repeatedly said that he is open to contacts with Trump," but that there are no details on a possible meeting yet.
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  • US (MNI) – Nonfarm payrolls growth is seen at 165k in December. The initial response rate to the establishment payroll survey increased notably back last month but we don’t rule out further large two-month downward revisions. The unemployment rate is broadly seen holding at 4.2%, although at an unrounded 4.246% in November it wouldn’t surprise if it rounded to 4.3%. A ‘high’ 4.3% would still be notable, though, for a fresh recent high.
  • JAPAN (MNI) – BoJ officials are likely to discuss raising their inflation outlook at a policy meeting later this month, although no rate decision has been made yet at this point, according to people familiar with the matter. The officials will probably talk about upgrading projections for inflation excluding fresh food and energy for this fiscal year and next, according to the people.
  • US / RUSSIA (MNI) – Reuters reporting comments from Kremlin spox Dmitry Peskov. In response to US President-elect Donald Trump's remarks on 9 Jan that "[Putin] wants to meet and we are setting it up," Peskov says that President Vladimir Putin "has repeatedly said that he is open to contacts with Trump," but that there are no details on a possible meeting yet.