If you live in the western world, then unless you have been living under a rock, you will know what Facebook is and hear colleagues, friends and children discuss it on a near daily basis. For many it is a part of their daily routine of logging in to Facebook to check updates and pictures from their friends. If you have somehow not come across the social media platform, then Facebook was a social experiment setup in Mark Zuckerberg's dorm room, which has grown to have over 1 billion users. This is a landmark achievement for a company that has struggled with negative coverage from analysts since the disastrous IPO. This is due to the fact the company clearly has a large amount of users, but questions linger over how Facebook will monetise this without infringing on personal data. Zuckerberg acknowledges that a larger proportion of users are now viewing the social media site through mobile applications, which Facebook currently struggles to monetise. Growth in the western world has plateaued, but in Africa and Asia it has only made a small dent in comparison, with a large potential upside.
Today is the first Friday of the month and the last trading session of the week. That means there is the pivotal U.S. jobs number Non-Farm Payrolls.
Estimates from the banks*:
Goldman Sachs: 100K
JPMorgan Chase: 100K
Credit Suisse: 95K
Deutsche Bank: 110K
HSBC Markets: 140K
Morgan Stanley: 125K
RBC Capital Markets: 100K
Societe Generale: 93K
BNP Paribas: 75K
Bank of America Merrill Lynch Research: 90K
Wells Fargo: 100K
Median Estimate of the selection above: 102,357K
Median Estimate for all Bloomberg contributors: 115K
If you are on Twitter, then a mixture of analysts, journalists and traders tweet their estimates (punts/guesses) with the #NFPGuesses hastag.
Bank of Japan kept policy on hold as widely expected
RBS said to suspend Singapore trader as rate-rigging spreads beyond Libor -Bloomberg
Hedge funds in denial betting on stock losses during 12% rally - Bloomberg
Russia’s central bank leaves benchmark refinancing rate unchanged at 8.25%
Nationwide is to stop offering interst-only mortgages from next week – CityAM