Markets are quiet leading into nonfarm and what is for many a long weekend. Equities are flat, the U.S. 10‐year yield is at 2.62%, the USD is generally flat but favouring strength, with some weakness from AUD, GBP and JPY and vague strength from NZD. The market’s focus has been an upbeat outlook for payrolls, ongoing tensions inUkraine, the rejection of the Astrazeneca/Pfizer deal, fading speculation over next week’s ECB action and falling European yields. Today’s focus is nonfarm payrolls.
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Scotiabank