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U.S. Payrolls Report, Brexit Impact, Lagarde's Future: Eco Day

U.S. Payrolls Report, Brexit Impact, Lagarde's Future: Eco Day

(Bloomberg) --

Good morning Americas. Here’s the latest news and analysis from Bloomberg Economics to help get your day started:

  • It’s jobs day in the U.S., where all signs are pointing to a soft report after a run of weak data. Here’s our economists’ preview
    • Average monthly job gains of about 108,000 are needed to maintain the current 3.7% unemployment rate until next year’s U.S. presidential election
  • If Britain crashes out of the European Union without a transition pact, the knock-on effects would undermine an already fragile global economy
  • Christine Lagarde’s future role as president of the European Central Bank is being transformed -- even before she takes office -- into one that increasingly requires the skills of a political campaigner
  • Turkey’s central bank is working on a plan for looser reserve requirements to reward banks that support export-oriented industries, the latest step of a campaign to get credit flowing again
  • Bond giant Pimco says Donald Trump’s impeachment fight will make progress toward a trade deal even more elusive, as China won’t want to make concessions to a weakened U.S. president
  • Central bank chiefs from Australia to India are pointing the finger at the wave of global monetary easing to help justify their latest interest-rate cuts
  • Going against a central bank is an investment strategy fraught with peril, but some bond market analysts think the Bank of Japan will fail to steepen the yield curve
  • Finally, here’s a collection of the best of this week’s analysis from Bloomberg Economics

To contact the reporter on this story: David Goodman in London at dgoodman28@bloomberg.net

To contact the editors responsible for this story: Paul Gordon at pgordon6@bloomberg.net, Brian Swint

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