海外研报

Weak jobs report could put 50bp cut on the table

The July employment report was a weak one across the board, with downside surprises in just about every key metric. If there were any

ISM Services Rebounds; S&P Global Services PMI Revised Down But Remains Strong

BOTTOM LINE: The ISM services index increased by more than expected in July.The composition of the report was strong, as the business activity, new orders, and

US Week Ahead: August 5 - August 11

08:30 AM Chicago Fed President Goolsbee (FOMC voter) speaksChicago Fed President Austan Goolsbee will appear on CNBC’s Squawk Box.

Did the market overshoot?

• The underlying data in Friday’s employment report was

Market Intelligence: US Morning Update

Stocks in Asia traded sharply lower Monday as concerns about a soft landing in theUS after weaker than expected US payrolls from Friday (see Aug 2 note “USA:

US MARKET INTELLIGENCE:AFTERNOON BRIEFING

US: Stocks closed sharply lower but off their lowest levels. Pre-market, the global selloff startedwith Japan as the NKY fell by 12.4%. The SPX hit a session low of -4.6%, with the ViX spiking to65, up 178% from Friday's close of 23. This was driven by a

10y JGB auction preview: A highly volatile climate

POTENTIAL POSITIVES・ BOJ's 31 July announcement has reduced uncertainty about JGB purchase taperingThe BOJ's "detailed plan" for tapering back its JGB absorption was basically in line with the