U.S. August nonfarm payrolls due out at 12:30 GMT will mark today's key market risk event.
Overnight News Bullets§ FR ILO Unemployment Rate (2Q), out at 7.6% vs. 7.5% exp. 7.5% prior.
§ SW Riksbank Interest Rate hiked to 4.75% from 4.50% as expected.
§ HBOS Plc house prices (Aug), out at -1.8% vs. -1.8% exp. -1.7% prior.
§ HBOS House Price 3Mths/Year (Aug), out at -10.9% vs. -10.7% exp. -8.8% prior.
§ GE Factory Orders MoM/YoY (Jul), out at -1.7%/-0.7% vs. 0.3%/-2.2% exp. -2.9%/-6.1% prior.
§ UK BOE kept rates at 5.00% as expected. •ECB kept rates at 4.25% as expected.
§ US ADP Employment Change (Aug), out at -33K vs. -30K exp. 9K prior.
§ US Nonfarm Productivity (2Q F), out at 4.3% vs. 3.5% exp. 2.2% prior.
§ US Unit Labor Costs (2Q F), out at -0.5% vs. 0.0% exp. 1.3% prior.
§ US Initial Jobless Claims (Aug 30), out at 444K vs. 420K exp. 425K prior.
§ US Continuing Claims (Aug 23), out at 3435K vs. 3423K exp. 3423K prior.
§ US ISM Non-Manf. Composite (Aug), out at 50.6 vs. 49.5 exp. 49.5 prior.
§ US EIA Natural Gas Storage Change (Aug 29), out at 90 vs. 90 exp. 102 prior.
§ US DOE Crude Oil Inventories (Aug 29), out at -1898K vs. 450K exp. -3502K prior.
§ US ICSC Chain Store Sales YoY (Aug), out at 1.7% vs. 2.6% prior.
Markets
§ FX: Further Euro-Zone recession worries has sent the Euro on a further decline, EURUSD made a low of 1.4215
§ Fixed Income: Economic slump, and equity sell-off has been a boon for Fixed Income headed for biggest weekly gain in 6 months.
§ Stocks: A weak session again across the board, US losses carried by the financial sector, the weak sentiment carried into Asia.
§ Commodities: Even with a severe unexpected draw in crude oil inventories oil failed to rally and is still resting under $110.
Overnight News Bullets§ FR ILO Unemployment Rate (2Q), out at 7.6% vs. 7.5% exp. 7.5% prior.
§ SW Riksbank Interest Rate hiked to 4.75% from 4.50% as expected.
§ HBOS Plc house prices (Aug), out at -1.8% vs. -1.8% exp. -1.7% prior.
§ HBOS House Price 3Mths/Year (Aug), out at -10.9% vs. -10.7% exp. -8.8% prior.
§ GE Factory Orders MoM/YoY (Jul), out at -1.7%/-0.7% vs. 0.3%/-2.2% exp. -2.9%/-6.1% prior.
§ UK BOE kept rates at 5.00% as expected. •ECB kept rates at 4.25% as expected.
§ US ADP Employment Change (Aug), out at -33K vs. -30K exp. 9K prior.
§ US Nonfarm Productivity (2Q F), out at 4.3% vs. 3.5% exp. 2.2% prior.
§ US Unit Labor Costs (2Q F), out at -0.5% vs. 0.0% exp. 1.3% prior.
§ US Initial Jobless Claims (Aug 30), out at 444K vs. 420K exp. 425K prior.
§ US Continuing Claims (Aug 23), out at 3435K vs. 3423K exp. 3423K prior.
§ US ISM Non-Manf. Composite (Aug), out at 50.6 vs. 49.5 exp. 49.5 prior.
§ US EIA Natural Gas Storage Change (Aug 29), out at 90 vs. 90 exp. 102 prior.
§ US DOE Crude Oil Inventories (Aug 29), out at -1898K vs. 450K exp. -3502K prior.
§ US ICSC Chain Store Sales YoY (Aug), out at 1.7% vs. 2.6% prior.
Markets
§ FX: Further Euro-Zone recession worries has sent the Euro on a further decline, EURUSD made a low of 1.4215
§ Fixed Income: Economic slump, and equity sell-off has been a boon for Fixed Income headed for biggest weekly gain in 6 months.
§ Stocks: A weak session again across the board, US losses carried by the financial sector, the weak sentiment carried into Asia.
§ Commodities: Even with a severe unexpected draw in crude oil inventories oil failed to rally and is still resting under $110.
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