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Friday, April 5

5th Apr - EU Open

EURUSD still in the channel, coming back down... Payrolls ahead.



Previously on MoreLiver’s:

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Roundups
News roundup – Between The Hedges
The 6am Cut London – alphaville / FT
Emerging Markets Headlines – beyondbrics / FT


MORNING BRIEFINGS
3 Numbers to Watch: EU retail sales, US jobs and trade balanceTradingFloor
The US employment report is the chief event of the day even though the headline unemployment rate is distorted by several factors. The agenda also includes Eurozone retail sales and the US trade balance.

Market Preview: EU retail sales and US non-farm payrolls in focus TradingFloor
European markets are likely to open mostly flat Friday. Traders will keep an eye on today's US non-farm payrolls data for hints on developments in the US labour market. EU retail sales and German factory orders will also be in spotlight.

Danske DailyDanske Bank (pdf)
ECB keeps rates unchanged but holds the door open for further easing. BoJ’s aggressive move has put downward pressure on global bond yields. Focus on US employment report – we expect job growth above 200K in March

AamukatsausNordea (pdf)
EKP:n koronlasku häämöttää * Valmistaudu heikkoon työllisyysraporttiin USA:sta * EURUSD selvään nousuun EKP:n kokouksen ja USA:n työttömyysdatan jälkeen
  
AamukatsausTapiola (pdf)
Hallitus muutti eilen veroesitystään mm. listattujen yhtiöiden maksamien osinkojen osalta. Aamukatsauksessa tarkemmin vaikutuksia Suomi-osakkeisiin. Osakemarkkinoilla  epävarmaa nousua. Japanin keskuspankin voimakas elvytyksestä tukea, EKP:lta olisi toivottu voimakkaampia toimia tai kommentteja. Tänään julkaistaan USA:n työmarkkinaraportti maaliskuulta. Osakefutuurit lähes nollassa, ennakoiden tasaista avausta pörssiin.Osinkoja irti osakkeesta tänään: Neste Oil EUR 0.38, UPM EUR 0.60, PKC Group EUR 0.70.

MarkkinakalenteriNordnet
MarkkinakalenteriTaloussanomat

EUROPE
To avoid another Cyprus style crisis, the EU must understand how it helps to create tax havensEuropp / LSE

A banking union for the Eurozonevoxeu.org
The Cyprus debacle highlights the need for, and difficulties with, a Eurozone banking union. This column argues that, to make a union, you need three crucial ingredients: common regulation, common restitution and common insurance. The power to control and the resources to rescue must work in parallel. Eurozone leaders have taken the first critical steps, but the single currency will never be solid until the banking union is in place.

UNITED STATES
Fed's Fisher: "Too-Big-To-Fail Regulation Should Be Written By A Sixth-Grader"ZH

ASIA
Abe surprised me!Noahpinion

Nikkei Soars, Japanese Bond Yields Collapse On BoJ Front-RunningZH

Biggest JGB Price Collapse In Over 10 Years Triggers TSE Circuit BreakersZH

OTHER
Commodities Update - Yet to return from holidayDanske Bank (pdf)