HALISTER1: U.S. ECO PREVIEW: Jobs Report Due in 5 Minutes

U.S. ECO PREVIEW: Jobs Report Due in 5 Minutes

(Bloomberg) -- Following are forecasts for today’s U.S. economic releases as compiled by Bloomberg News:
  • Nonfarm Payrolls 180k; range 100k to 267k (87 estimates)
  • Private Payrolls 170k; range 125k to 270k (42 estimates)
  • Manu Payrolls 17k; range -5k to 32k (22 estimates)
  • Unemploy Rate 4.7%; range 4.6% to 4.8% (82 estimates)
  • Hourly Earn 0.2% m/m; range 0.1% to 0.4% (63 estimates)
  • Hourly Earn 2.7% y/y; range 2.6% to 2.8% (25 estimates)
  • Avg. Weekly Hours 34.4; range 34.3 to 34.5 (35 estimates)
    • "The March jobs report will provide two critical signals: First, the magnitude of the payroll gain will indicate whether hiring momentum is indeed increasing, or whether the February upside surprise was an anomaly, potentially related to mild weather conditions early in the year. Second, the aggregate income trend will be scrutinized in order to determine if consumer spending is in jeopardy following an inordinately weak start to the quarter": Bloomberg Intelligence
    • In February, the economy added 235,000 non-farm jobs, led by the largest increase in construction employment in almost a decade

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: CANADA ECO PREVIEW: Employment Data Due in 5 Minutes

CANADA ECO PREVIEW: Employment Data Due in 5 Minutes

(Bloomberg) -- Net change in employment seen at +5.7k in March vs +15.3k in February (forecast range -30k to +21.8k)
  • Canada’s unemployment rate seen at 6.7% vs. 6.6% prior month (forecast range 6.5% to 6.8%)

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER1: Banco BPI S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) - DBRS Surveillance Report

Banco BPI S.A. Covered Bonds (Obrigações Hipotecárias - Mortgages) - DBRS Surveillance Report

Alert: HALISTER1
Source: DBR (Dominion Bond Rating Service)

People
Christian Aufsatz (DBRS Inc)

Topics
Asset Class Focused Research
Credit Analysis Research
Credit Research
Fixed Income Research
Investment Research

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UUID: 7947283

HALISTER1: Best of BI Financials Litigation: Citigroup, Pimco, Wells Fargo

Best of BI Financials Litigation: Citigroup, Pimco, Wells Fargo

Alert: HALISTER1
Source: BI (Bloomberg Intelligence)

Tickers
BLK US (BlackRock Inc)
C US (Citigroup Inc)
CSGN VX (Credit Suisse Group AG)
HSBA LN (HSBC Holdings PLC)
PTTRX US (PIMCO Total Return Fund)

Topics
BI Analysis
Civil Procedure

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UUID: 7947283

HALISTER1: Bund Put Skew May Rise on Fade of U.S. Strikes, Winter NFP Drag

Bund Put Skew May Rise on Fade of U.S. Strikes, Winter NFP Drag

(Bloomberg) -- Bund put skew may richen following any fading of the boost to bonds from flight-to-quality flows after U.S. missile strike on Syria as well as any downside drag to NFP from Winter Storm Stella, Bloomberg strategist Tanvir Sandhu writes.
  • Any move in yields to the lower end of the recent range on a weather-related drop in NFP may see tactical bund downside richening, with reversal in ECB rate-hike speculation now having gone a long way
    • Weather-sensitive categories may drag NFP lower following winter storms and sharp drop in temperatures in March
  • Further flattening in money-market curves following recent ECB rhetoric rejecting Eonia hike pricings now has limited room
    • ECB accounts showed that Governing Council views removal of easing bias in the existing guidance on rates as premature and dismissed on grounds that such a change may lead to an undue increase in forward rates
    • Interest in paying the back-end of 2018 now offers better risk-reward as the battle between hawks and doves could intensify in the second half of this year (see more here) while Le Pen and flare-ups in Italian politics pose risks
  • NOTE: Tanvir Sandhu is an interest-rate and derivatives strategist who writes for Bloomberg. The observations he makes are his own and are not intended as investment advice

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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UUID: 7947283

HALISTER: Deutsche Bank Says 98.9% of Subscription Rights Exercised

Deutsche Bank Says 98.9% of Subscription Rights Exercised

(Bloomberg) -- Deutsche Bank said 98.9% of subscription rights were exercised in EU8b capital increase.
  • New shares included in existing listing as of Friday in Frankfurt and New York, co. says in statement
  • Link to statement: https://www.db.com/ir/en/download/Release_07_04_2017.pdf
  • NOTE: Deutsche Bank Said Near Full Takeup for $8.5 Billion Offer Link

Alert: HALISTER
Source: BFW (Bloomberg First Word)

Tickers
DBK GR (Deutsche Bank AG)

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UUID: 7947283