What to look out for the rest of this week? – Deutsche Bank

Analysts at Deutsche Bank suggest that the release of the manufacturing PMIs in Europe should dominate today’s morning session with final March revisions due, as well as a first look at the data for the periphery and UK.

Key Quotes

“In the US the only data due is March vehicle sales. The Fed's Kashkari is also due to speak again. Away from this, President Trump is due to meet with leaders of Estonia, Lithuania and Latvia at the White House.”

“Wednesday: The remaining PMI (services and composite) prints are due in Japan and China overnight. In Europe the most significant release is likely to be the March CPI report for the Euro area, while February unemployment data is also due. In the afternoon in the US we'll get the March ADP employment change print, final PMI revisions for March (services and composite), ISM non-manufacturing for March, factory orders data for February and final durable and capital goods orders revisions for February. The Fed's Bullard and Mester are also scheduled to speak.”

“Thursday: PMIs should again dominate the morning session with final March revisions due for the core and non-core countries. Also due are February factory orders data in Germany, and February PPI for the Euro area. In the US, data due include weekly initial jobless claims and the February trade balance reading.”

“Friday: The main release on Friday will of course be the March employment report in the US including nonfarm payrolls and average hourly earnings data. Two hours following this, Fed Chair Powell will speak on the Economic Outlook, which is likely to be closely watched. Prior to this in Europe the only data of note is February industrial production data in Germany and February trade data in France. Finally the ECB's Coeure is due to speak at a conference.”