Early Morning Reid

Daily market update highlighting US payroll expectations, Japan's robust wage growth, and semiconductor sector weakness following Broadcom's earnings report.

Key Takeaways

• 1.US jobs report expected today with DB economists forecasting 50k payroll growth, below the 88k consensus.
• 2.Japan wage growth accelerated to 3.5% in April, the fastest since December 2024, fueling expectations for BoJ rate hikes.
• 3.Broadcom earnings underwhelmed with lower-than-hoped AI chip revenue forecasts, impacting broader semiconductor sentiment.

Table of Contents

• Key Market Data
• Other Market Data
• Key Economic Data
• Topical Deutsche Bank publications:
• Appendix 1
• Additional Information