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MNI BRIEF: ECB Data Focus Compatible With High-For-Long Rates

MNI: ECB HIKES KEY DEPOSIT RATE BY 25 BPS TO 4.00%

US EIA:NAT GAS STORAGE +57 BCF TO 3,205 BCF SEP 08 WK

MNI: US JUL BUSINESS INVENTORIES +0.0%; SALES +0.6%

July Wholesales Ex-Petroleum & Grains +0.2% MOM, +1.1% YOY

MNI BRIEF: Canada Shows No Progress Closing Housing Shortfall

MNI BRIEF: Highlights From BOC Governor Macklem Speech

MNI BRIEF: Finance Minister Calls BOC Pause 'Welcome Relief'

Payrolls Seen Slowing to +170k

US DATA
Metals bulletEM BulletHomepagemarkets-real-timeCommoditiesEmerging Markets NewsEnergy BulletsBulletMarketsFixed Income NewsForeign Exchange News

Two hours out from the August NFP release, MNI Preview here: https://roar-assets-auto.rbl.ms/files/55566/USNFPS...

  • Consensus sees payrolls growth of 170k with perhaps a little under 20k as a temporary drag from the actors’ strike June, along with a potential seasonal bias lower.
  • The strike is seen unlikely to have a material impact on AHE, forecast at 0.3% M/M after July’s surprise strength, or average hours worked, seen holding at pre-pandemic lows.
  • It could help push the u/e rate higher though, with analysts skewed higher than consensus for no change.
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Two hours out from the August NFP release, MNI Preview here: https://roar-assets-auto.rbl.ms/files/55566/USNFPS...

  • Consensus sees payrolls growth of 170k with perhaps a little under 20k as a temporary drag from the actors’ strike June, along with a potential seasonal bias lower.
  • The strike is seen unlikely to have a material impact on AHE, forecast at 0.3% M/M after July’s surprise strength, or average hours worked, seen holding at pre-pandemic lows.
  • It could help push the u/e rate higher though, with analysts skewed higher than consensus for no change.