Societe Generale in its early Friday economic news summary pointed out:
-- VIX up to 30. 10-year United States Treasury below 4.0%, interim projection of H/S is 3.86%. Bund drops below 2.60%, filling March gap -- German spending plan. President Trump downplays sell-off in equities, says open to tariff reductions if countries "can offer something phenomenal."
-- Day ahead: Fed Chair Powell speaks on economy with Q&A. U.S. nonfarm payrolls (NFP) SocGen forecasts up 170,000, whisper 120,000 gains, consensus up 140,000, range 80,000-200,000. Unemployment rate unchanged at 4.1%, earnings +0.3% month over month. Canada employment (LFS).
-- Swiss franc, yen, euro, South Korean won and Brazil's real best performers this week in foreign exchange, Australian dollar and South Africa's rand (domestic political turmoil) are the main laggards.
-- German factory orders flat month over month in February (-0.2% year over year), consensus forecast was for 3.4% gain. Domestic -1.2%, foreign +0.8%.
-- Sweden's consumer price index slows to 0.5% year over year in March from 1.3% in February, below forecast. CPIF eases to 2.3% from 2.9%.
-- Nikkei -2.5%, EUR 10-year IRS -4bps at 2.515%, Brent crude -0.8% at $69.6/barrel, Gold -0.1% at $3,105/oz.
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