NORGES: RATES PROBABLY AT CURRENT LEVEL QUITE SOME TIME

RATES MAY NEED TO BE ON HOLD LONGER THAN ENVISIONED: NORGES

MNI: NORGES BANK LEAVES RATES UNCHANGED AT 4.50%

MNI WATCH: CNB Seen Cutting 50Bps to 5.25%, Signal Slower Pace

MNI China Daily Summary: Tuesday, April 30

MNI BRIEF: China To Keep Tackling Risks In Real Estate, Debts

MNI: BAKER HUGHES US RIG COUNT 605; OIL RIGS 499; GAS RIGS 102

BoE Data Watch

RBA Data Watch

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

© 1982-2023 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

Varied Opinions For Dec Jobs Gains Next Week

US OUTLOOK/OPINION
Data picks up as 2022 gets underway next week, Change in Nonfarm Payrolls for December next week Friday, wide range of sell-side opinions, mean est +400k so far vs. +210k in Nov.
  • TD Securities expects a gain of +500k, positing the "late-December COVID surge likely came too late to prevent a pickup in US payrolls after the gain in November (210k) appeared to be held down by an overly aggressive seasonal factor."
  • On the flipside:
  • Morgan Stanley estimates Dec jobs to gain 260k with "little change in public employment, so that private payrolls increased 265k. This, in combination with a slight uptick in labor force participation from 61.8% to 61.9%, is expected to leave the unemployment rate unchanged at 4.2%."
  • MS also "expect average hourly earnings growth was also unchanged at 0.3%M in December, lowering the year-over-year rate from 4.8% to 4.1%. We expect the average workweek will remain unchanged at 34.8."
BulletMarketsFixed Income BulletsForeign Exchange BulletsHomepage
BulletMarketsFixed Income BulletsForeign Exchange 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.