Danske Daily - 4 August 2017

Published 08/04/2017, 03:23 AM

Market movers today

Today all eyes will be on the US employment report. We expect that nonfarm payrolls rose 175,000 in July but markets will focus on the unemployment rate and wage growth. We expect the unemployment rate was unchanged at 4.4%, while the average hourly earnings increase likely declined to 2.4% y/y from 2.5% y/y. The Fed continues to struggle with the combination of low unemployment and low inflation - see also our take on the jobs report for June in Flash Comment US: Fed's dilemma , 7 July 2017.

In Germany, factory orders for June are also released, which should show another monthly increase of 0.8%, in light of the continued strong business confidence and recent increases in the Ifo index.

In Sweden, NIER will publish its new economic forecasts.

To read the entire report Please click on the pdf File Below:

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