Deutsche Bank

Payrolls Preview: Here Comes The Post-Hurricane Surge

The BLS will release the October Employment Report at 08:30am ET on Friday, November 3.  The Street is looking for a veritable surge in hiring following the hurricane-related disruption last month sent monthly payrolls to the first negative print in 7 years. Analysts also expect wage growth to continue rising: Median forecasts looks for 310k nonfarm payroll jobs, with average hourly earnings rising rise to 2.7% Y/Y

Previewing Today's Fed Policy Decision

While normally Wednesday's Fed meeting would be the week's biggest market-moving event, this time - smack in the middle of the busiest earnings week of the year - it may not even make the top three...

Minsky Cycle 2017: Where Are We Now

8 years into a global upswings and 9 years into extraordinarily easy money, it is hard to find assets that fit into the healthy expansion phase. It is easier to pick assets that fit under ‘Euphoria and over trading’ or seem to have recently passed that stage.

Traders Paralyzed, Markets Flat Ahead Of Today's Main Event: The ECB's Taper Announcement

US equity futures and Asian shares are flat this morning with European shares treading water ahead of the ECB's policy meeting in which it’s expected to announce a tapering to its €60bn in monthly QE. On this busiest day of Q3 earnings season, companies set to report earnings include Alphabet, Microsoft, Amazon and Intel, while we also get data on jobless claims and wholesale inventories.

ECB Preview: Here's What Draghi Will Announce Today

Thursday's ECB meeting is expected to be one of the most important in recent years: Mario Draghi has signaled, and is widely expected to announce a blueprint of what the central bank's QE tapering will look like beyond 2017, and while no actual tightening will be implemented - either via rates of asset purchases - the ECB is expected to announce it will cut its €60bn/month bond purchases in roughly half starting in January 2018 and lasting for the next 9-15 months.