MNI China Daily Summary: Thursday, August 1

MNI: BOE VOTES 5-4 FOR 25 BPS RATE CUT AT AUG MEETING

MNI BRIEF: BOJ To Focus On Continued Positive Wage Setting

MNI BRIEF: Japan Q2 GDP To Rise 0.5% Q/Q; 2.2% Annualised

MNI BRIEF: China Retains Ample Policy Space In H2 – NDRC

MNI BRIEF: Caixin July Manufacturing PMI Falls Below 50

MNI: US Q2 PREL UNIT LABOR COSTS +0.9% VS Q1 +3.8%; Y/Y +0.5%

MNI: US JOBLESS CLAIMS +14K TO 249K IN JUL 27 WK

VDMA Factory Orders Remain Weak in June

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

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MNI BRIEF: All Eyes On U.S. May Employment Report

LONDON (MNI)

Federal Reserve officials will be watching the U.S. May employment report for signs of a strong and sustainable jobs recovery, moving on from the disappointment of a far lower than expected add of jobs in April. St Louis Fed President James Bullard already thinks the jobs market is tighter than some think, although plenty of other in the Fed system still think there is a rockier and slower climb back yet.

In an interview with MNI published Thursday, Richmond Fed economist Thomas Lubik, although optimistic of strong a May number and upwards April revision, said structural changes would have a bigger impact ahead.

MNI's latest Reality Check points to a pick up in May, but overall, significant labor market gains could be difficult in coming months unless work force. participation levels recover from current levels. The data is due for release at 1330SBT (0830ET) Friday, with analysts looking for an increase of 675,000 in non-farm payrolls.

MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
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MNI London Bureau | +44 203-865-3812 | les.commons@marketnews.com
USDataPolicy NewsFederal ReserveCentral Bank NewsData StoriesHomepageNorth AmericaStoryBriefRegion
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