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On tap for Friday: Nonfarm..........>

US DATA PREVIEW
US DATA PREVIEW: On tap for Friday: Nonfarm payrolls for December (+185k
whisper); unemployment rate (3.7% est); average hourly earnings (0.3% est);
Markit Services Index (final). Fed speakers: Atl Fed Pres Bostic, macro-econ
performance, Atl, GA, audience Q&A; Fed Chair Powell, re mon/pol & CBs, Am Econ
Assn, w/former chairs Yellen & Bernanke, Atl, GA.; Clev Fed pres Mester on CNBC.
- prior to today's data, Morgan Stanley economists said they expect "net job
growth of 167,000 in December after a gain of 155,000 in November. We expect
earnings to post a strong 0.4% month-over-month gain, keeping the year-over-year
rate steady at 3.1%. The unemployment rate should hold at 3.7%."

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