Exclusive interviews with leading policymakers that convey the true policy message that impacts markets.
Reporting on key macro data at the time of release.
- Emerging MarketsEmerging Markets
Real-time insight of emerging markets in CEMEA, Asia and LatAm region
- MNI ResearchMNI Research
Actionable insight on monetary policy, balance sheet and inflation with focus on global issuance. Analysis on key political risk impacting the global markets.
- About Us
Real-time Actionable Insight
Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.Free Access
Sign up now for free access to this content.
Please enter your details below and select your areas of interest.
- RBC are below consensus for non-farm payrolls in Nov, with total up +475k (cons. 545k) and private up +425k (cons. 525k).
- They note leisure and hospitality as a continued major source of uncertainty. The sector tends to shed jobs in Nov on a not seasonally adjusted basis, but RBC expects a smaller than usual decline this time around which in turn drives a solid seasonally adjusted gain.
- They caution on the uncertainty behind these figures: “if you told us the number was going to be +/- 100k better than our forecast, it would be hard to argue forcibly against it given all of the “static” coming out of that sector”.
- Having leaned towards the upside last month, they now lean against the upside.
- They see the unemployment rate improving from 4.6% to 4.5% against this backdrop.