puppy taking a bit of breather from its recent rally to N of 1.25
and into tom's love-session between frost and barnier and
ahead of july 4th “Super Saturday” when boris allows hospitality ind (pubs, restaurants and hotels) to reopen
Mtl JP 12:31:53 GMT - 07/02/2020
NFP 4.8 vs con: 3.0mln
AT Trader john 10:19:08 GMT - 07/02/2020
Forecasts for U.S. employment data today are all over the place due to acknowledged significant errors in the previous report. Look for the May data to be revised weaker. There is a lot of uncertainty overhanging the June data as well. Once the dust settles, we could have a better idea if a "V" shaped recovery is possible.
U.S. bond market trading closes early today at 18:00 GMT (14:00 EDT), ahead of the Friday holiday.
Thu 2 July 2020 A 09:00 EZ- PPI AA 12:30 US- Employment A 12:30 US- Weekly Jobless A 12:30 US/CA- Trade A 14:30 US- EIA Crude Fri 3 July 2020
Final Service PMIs all day
dc CB 01:33:05 GMT - 07/02/2020
One more day in the US Trading week.
Bloomberg notes reversing of planned reopenings could spark the next wave of layoffs, adding that newly hired workers are getting the ax once again.
Jeffrey Bank, who heads Alicart Restaurant Group, was in the process of reopening his restaurant based inside the Tropicana casino in Atlantic City last week but was greeted by new communication from Governor Phil Murphy that a delayed restart of indoor dining will be seen due to a recent surge in virus cases.
Bank said he'll lose $100,000 on the false restart and will layoff 100 people whom he'd just recently rehired.
The surge in cases could derail nationwide reopenings - along with President Trump's economic V-shaped recovery that he routinely touts on Twitter. Data this week shows Florida's Miami-Dade County reported its highest numbers of hospitalizations and Houston, intensive-care units soared to 97% of capacity.
In recent days, Arizona, Florida, Colorado, and Texas closed bars and nightclubs to contain the spread - while Arizona shutdown gyms, water parks, and movie theaters.
' It’s back with a vengeance, lurking in the subtext and sotto voce of virtually every headline and utterance from the above precincts with respect to the Covid-19.
Indeed, the entire Covid narrative is so hideously distorted, exaggerated, mendacious and risible as to finally confirm what’s actually been at bottom of the successive waves of RussiaGate, UkraineGate, the Impeachment Farce, the Covid-Hysteria and now the Summer of Race Huckstering, too.
nuff time to ponder tomorrow econ calendar releases:
12:30 A US Weekly Jobless 1.30mln 1.43
12:30 A US Trade $bn -52 -49.4
12:30 AA US Avg Hr Earn -0.50% -1.00%
12:30 AA US Unemployment % 12.30% 13.30%
12:30 AA US Payrolls mln 3.0mln 2.5 mln
of the AA's I am guessing hourly earnings and payrolls could be market movers. and of the two I am guessing payrolls would dominate.
AT Trader john 20:07:01 GMT - 07/01/2020
LATE Wednesday: Mixed RISK
DJ: 25,735 -78
SP: 3115.9 +15.6
Mon 27 May 2019 AAGB/US- Holiday Tue 28 May 2019 A 14:00 US- Consumer Confidence C 13:00 US- Case-Shiller Wed 29 May 2019 A 08:55 DE- Employment AA 18:00 US- BOC Decision A 18:30 US- EIA Crude Thu 30 Mar 2019 AAEZ/CH- Holiday A 12:30 US- Weekly Jobless Fri 31 Mar 2019 AA 10:00 EZ- Flash HICP A 12:30 US- Personal Income, Spending, Deflator AA 14:00 US- Final Univ of Michigan
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