Highlights
German industrial production in February is expected to hold unchanged on the month following a 3.5 percent monthly jump in January. The year-over-year comparison is seen falling 4 tenths to 1.6 percent contraction.
The US labor market remains tight. Initial jobless claims for the April 1 week are expected to come in at 201,000, up slightly from 198,000 in the prior week.
In Canada, employment in March is expected to rise 10,000 versus February's 21,800 gain and January's giant 150,000 surge. March's unemployment rate is expected to rise 1 tenth to 5.1 percent. Bank of Canada Deputy Governor Toni Gravelle said last week that it is too early to discuss normalizing the bank's high policy interest rate because consumer inflation at 5.2 percent remains well above its 2 percent target. The tight labour market is putting upward pressure on many services prices, he said.
St. Louis Federal Reserve Bank President James Bullard will give a presentation on the US economy and monetary policy before the Arkansas State Bank Department's Day with the Commissioner event at 10 a.m. EDT (1400 GMT).
Japan's real household spending is forecast to post a solid 4.8 percent rebound on the year in February, for the first rise in four months after a 0.3 percent dip in January, as the economy continues to reopen without strict public health rules, overcoming much of the drag from the pandemic. But households appear to have trimmed spending by a slight 0.5 percent on the month, hit by continued markups in food and falling real wages.
The US labor market remains tight. Initial jobless claims for the April 1 week are expected to come in at 201,000, up slightly from 198,000 in the prior week.
In Canada, employment in March is expected to rise 10,000 versus February's 21,800 gain and January's giant 150,000 surge. March's unemployment rate is expected to rise 1 tenth to 5.1 percent. Bank of Canada Deputy Governor Toni Gravelle said last week that it is too early to discuss normalizing the bank's high policy interest rate because consumer inflation at 5.2 percent remains well above its 2 percent target. The tight labour market is putting upward pressure on many services prices, he said.
St. Louis Federal Reserve Bank President James Bullard will give a presentation on the US economy and monetary policy before the Arkansas State Bank Department's Day with the Commissioner event at 10 a.m. EDT (1400 GMT).
Japan's real household spending is forecast to post a solid 4.8 percent rebound on the year in February, for the first rise in four months after a 0.3 percent dip in January, as the economy continues to reopen without strict public health rules, overcoming much of the drag from the pandemic. But households appear to have trimmed spending by a slight 0.5 percent on the month, hit by continued markups in food and falling real wages.
Definition
Market Focus details key factors in the coming day that will impact the economic outlook and the financial markets. These include central bank events, economic indicators, policymaker speeches as well as expected political and corporate developments.
Description
Keeping up-to-date with event schedules and the economic calendar is key to understanding the global financial system. Econoday's Market Focus allows investors and policymakers to carefully track what will be making news and moving the financial markets in the coming day.
