Investing.com - Financial Markets Worldwide

Danske Daily - Market Movers: ECB To Announce Repayment Of 3Y LTRO

ByDanske Markets
Published 08/02/2013, 07:25 AM
Updated 05/14/2017, 06:45 AM
Market movers today

ECB will announce the weekly repayment of the 3Y LTRO, which is likely to attract attention as excess liquidity continues to fall towards the EUR200bn mark. The trend in the weekly LTRO repayment has been decreasing recently and last week's repayment of EUR1.52bn was on the low side of this trend.

We expect total payrolls to gain 175,000 in July and private job growth to reach 185,000. The service sector will remain the main contributor to job growth but the latest data from the manufacturing sector suggest that job growth in this part of the economy likely turned positive in July as well. We expect the government to continue to shed jobs at a 10,000 persons per month pace. We look for a one notch decline in the unemployment rate from 7.6% to 7.5%. This should support expectations of a September start to Fed's QE tapering.

Fed's Bullard speaks on the US economy. At the FOMC meeting on Wednesday Bullard voted for the July statement after dissenting in June, whenhe wanted the Fed to show more commitment to its 2% inflation target.

In Scandinavia unemployment data for Norway and currency reserve data in Denmark are on the agenda.

To Read the Entire Report Please Click on the pdf File Below.

Latest comments

Loading next article…
Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2025 - Fusion Media Limited. All Rights Reserved.