· CN: The PBOC should start hiking rates in Q410. It is unwise to wait for the Fed
· MY: DBS expects the next rate hike of 25 basis points in Q111
· US: When doubt goes up, permanent hiring goes down. Payrolls growth seems likely to remain close to zero until a double-dip either materialises or fades from the radar screen
· Currencies: EUR/USD reflects Fed/ECB stalemate on rate outlook
(NEW YORK) The euro edged up yesterday supported by healthy results at Spanish and French bond auctions and stable global equities, but investors remained cautious ahead of a key reading on the US labour market on Friday. 03/09/10
Key discussion centres on: