Recap 9-06-13




  • US Payrolls printed 169k vs 180k exp and 162k prev. The previous 2 months figures were also revised lower by 74k. Unemployment declined to 7.3% vs 7.4% exp and prev on a big drop in the participation rate.
  • Hourly Earnings rose 2.2% YoY vs 2.1% exp and 1.9% prev. Avg weekly hours ticked up to 34.5 as exp vs 24.4 prev
  • Putin said at the G20 that Russia would help Syria if strikes were launched, and that it is already assisting Syria with arms shipments. Obama said a failure to respond sends a signal to ‘rogue nations.’

Upcoming Data:

  • Weekend: China Trade Balance, CPI, Money Supply, Japan BoP, Australia Home Loans
  • Mon: Japan Eco Watchers Survey, Canada Building Permits, UK RICS, Japan Money Supply, Australia NAB Business Confidence
  • Tue: China IP, Retail Sales, Canada Housing Starts
  • Wed: UK Employment, Australia Employment,
  • Thu: US Jobless Claims, USDA WASDE
  • Fri: US Retail Sales, UMichigan Confidence