Societe Generale in its early Friday economic news summary pointed out:
-- The US dollar mildly bid before United States payrolls (NFP), yields steady. Resistance two-yea U.S. Treasury 4.35%, 10-year 4.74%. OIS pricing -11bp for March FOMC, -41bps for 2025, terminal 4.1%. Cumulative 13.9 billion euros EUR/USD option strikes between 1.02 and 1.04.
-- Day ahead: U.S. NFP, SocGen forecasts 190,000 gains, range 100,00o to 268,000, consensus 165,000; forecasts unemployment rate steady at 4.2%. University of Michigan sentiment (preliminary). Canada employment LFS with consensus 25,000 rises, Brazil's consumer price index.
-- Norway's CPI slows to 2.2% year over year in December from 2.4% in November, core dips to 2.7%, justifies guidance for the first rate cut by Norges Bank in March.
-- China: The central bank to halt sovereign bond buying this month amid low yields and weaker yuan. Purchases to resume depending on market conditions. 10-year CGB yield climbs 4bps to 1.68%, USD/CNY steady at 7.3327.
-- Nikkei -1.0%, EUR 10-year IRS unchanged at 2.53%, Brent crude +0.9% at $77.6/barrel, Gold +0.4% at $2,676/oz.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.