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Welcome to Friday, Europe. Here's the latest news and analysis from Bloomberg Economics to help you start the day:
- It's U.S. jobs report day. U.S. employment growth is projected to exceed a half million for a second month in November, though such momentum may be tested by a new Covid-19 strain
- Janet Yellen said it's the Fed's job to avert any wage-price spiral and she understands the “reasoning” behind plans to scale back QE
- Unemployed Americans are in no rush to get back to work anytime soon, suggesting labor shortages will persist
- In one corner of the U.S. rates market, traders have begun to contemplate the possibility of Fed rate cuts in 2025
- The Senate on Thursday night averted a U.S. government shutdown and passed a stopgap spending measure
- European Central Bank Governing Council member Madis Muller said the omicron variant shouldn't change current plans to stop emergency bond purchases next year
- The U.K. Treasury is close to appointing David Miles, a former Morgan Stanley economist and Bank of England rate-setter, to one of the nation's most influential economic policy jobs
- Apple Inc. just offered a new reason to be worried about the state of the consumer
- The IMF warned of “economic collapse” in some low-income countries unless creditors suspend debt-service obligations
- Victoria Rodriguez Ceja is set to become Mexico's first female central bank governor after the senate confirmed her to its board Thursday
- Japan may have cold feet on ESG bonds
- India's government plans to bridge the gaps in employment data by next year, with officials gathering details on the job status of about half a billion workers to improve policy making, according to people familiar with the matter
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