May Nonfarm Payrolls: +69K vs. consensus of +150K, prior 79K (revised). Unemployment 8.2% vs 8.1% expected, 8.1% previous.
Apr. Personal Income and Outlays: Income +0.2% vs. +0.3% expected, +0.4% prior. Personal spending +0.3% vs. +0.3% expected, +0.3% prior. PCE core price index +1.9% vs. +0.2% expected, +0.2% prior
More reaction to the weak NFP print: German Dax -3.8%, WTI crude -3.6% to $83.38, Gold +0.4% to $1,571. The euro picks up a few ticks, now -0.3% to $1.2334. The yen continues to charge higher, now at the point where the BOJ/MOF may follow through on their threats to intervene.
S&P futures give up another one percent on the weak NFP print, now -2.1%. The U.S. 10-year yield drops to 1.46%
Apr. Personal Income and Outlays: Income +0.2% vs. +0.3% expected, +0.4% prior. Personal spending +0.3% vs. +0.3% expected, +0.3% prior. PCE core price index +1.9% vs. +0.2% expected, +0.2% prior
More reaction to the weak NFP print: German Dax -3.8%, WTI crude -3.6% to $83.38, Gold +0.4% to $1,571. The euro picks up a few ticks, now -0.3% to $1.2334. The yen continues to charge higher, now at the point where the BOJ/MOF may follow through on their threats to intervene.
S&P futures give up another one percent on the weak NFP print, now -2.1%. The U.S. 10-year yield drops to 1.46%
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