Traders eye Fri August US nonfarm...>

US DATA PREVIEW: Traders eye Fri August US nonfarm payroll employment. The MNI

economist poll has median estimates of 180K for Aug jobs, 182K Aug. NFP private

payrolls, 4.3% jobless rate. 

- JPM economists: "most labor mkt indicators continue to look upbeat, we

forecast a gain of 200,000" Aug NFP, "steady" jobless rate at 4.3%, avg hrly

earngs +2.5% y/y. 

- Credit Suisse: +200K jobs gain, +190K private NFP gain, 4.3% jobless. 

-Amherst Pierpt Stephen Stanley: +170K Aug jobs,160K priv, 4.3% jobless. 

- Mizuho Steven Ricchiuto: expects +175K Aug NFP, 4.4% jobless rate. 

- HSBC: +180K Aug. jobs gain, 4.3% jobless rate, 0.1% avg hrly earnings. 

- Citi tech strategists see scope for Aug NFP to print in 142k-146k area. In

last 20 yrs, "the initial Aug. print has been over 200k only once: in 1998, when

the August reading was 365k. "However that was obviously an aberration as it was

preceded by a +66k and followed by a +69k number," they say. 

-BMO Ian Lyngen:ADP underestimates growth: ADP +237K implies "impressive +261K"

Aug NFP