eleanor taylor jolidon stays with us.oming up, we will discuss what to expect from that all-important august jobs report. this is bloomberg. ♪ tom: this is "bloomberg: daybreak europe." i'm tom mackenzie. yesterday u.s. jobless claims fell to a fresh pandemic low. later today we will be watching for the august jobs report which is forecast to show 725,000 new jobs added. still with us is eleanor taylor jolidon, co-head swiss & global equity pm, unnion bancaire privee. your views on the nonfarm payrolls coming up? the markets have been rallying into this number that will be informative as to the timing and nature of the fed taper. is there a sense there is complacency in the markets? eleanor: i think what the markets are reflecting are extremely good earnings numbers we saw in the first half result. when you look at a very important metric for the fed for tapering and a further out interest rate hike, if you have too good of a number, that could have the opposite effect on the markets, because they would consider the poten