每日机构分析：9月5日

Group 1: US Employment and Economic Outlook - Economists predict a moderate employment growth in the US for August, with an expected increase of 75,000 non-farm jobs, up from 73,000 in July, while the unemployment rate is projected to rise to 4.3% [1] - The softening labor market is attributed to President Trump's import tariffs and immigration policies, which have reduced the labor supply [1] - Reports indicate that in July, the number of unemployed individuals exceeded job vacancies for the first time since the pandemic began in 2019, signaling a stagnation in job growth [1] Group 2: Currency and Housing Market Insights - Bart Wakabayashi from State Street Securities expresses concerns over Trump's intervention in Federal Reserve policies, suggesting that investors are currently reluctant to hold dollar assets, but anticipates a potential rebound in dollar buying [2] - Despite uncertainties in France, the UK, and Japan, the likelihood of a September rate cut is almost fully priced in, and a weak non-farm employment report could put further pressure on the dollar [2] - Halifax reports that UK house prices rose by 0.3% in August, with a year-on-year increase of 2.2%, although the growth rate has been slower than consumer price inflation in recent months [2] Group 3: UK Political and Economic Developments - Monex Europe analysts note that the political uncertainty surrounding UK Deputy Prime Minister Rishi Sunak, due to a tax issue, may lead to long-term weakness in the pound, despite limited short-term impact [3] - The average minimum wage in Japan is set to increase to 1,121 yen, a rise of 66 yen from the previous fiscal year, which is expected to positively influence consumer spending towards the end of the year [3] - Despite the wage increase, ongoing inflation is dampening consumer spending willingness in Japan, with private consumption in July likely remaining flat compared to the previous month [3]