Highlights
UK retail sales in March are expected to fall 0.5 percent on the month following a much stronger-than-expected 1.2 percent rise in February.
In the flash purchasing managers' index data for France, services, at 53.9 in March, accelerated noticeably while manufacturing remained under 50 at 47.3. April's expectations are 53.0 for services and 47.5 for manufacturing. The key composite output is expected at 52.8, up from March's final 52.7.
In the German PMI data, the consensus call for the manufacturing sector is 45.5 for April, up from 44.7 in March, when the index showed another month of significant contraction and little relief. Services, after March's 53.7, is seen in April at 53.4.
As for the Eurozone PMI, the consensus estimates for April are 48.0 for manufacturing and 54.5 for services after March's 47.3 for manufacturing that was in steep imbalance against 55.0 for services. The key composite output is expected at 54.0, up from March's final 53.7.
In the UK PMIs, services have held in the low-to-mid 50's the past two months and 52.5 is the expectation for April. Manufacturing, which has been in the high 40's, is seen at 48.5.
In the US PMIs, services popped back to the 50 column in February for the first time in eight months and improved further in March to 52.6; the consensus for April is 51.5. Manufacturing in contrast has been in sub-50 contraction for the last five months though the index in March did move nearly 2 points higher to 49.3; 49.1 is the manufacturing consensus for April.
Canadian retail sales in February are expected to fall 0.6 percent following a surprisingly sharp 1.4 percent rise in January, which was supported by mild weather.
Federal Reserve Board Governor Lisa Cook will speak on Important Questions for Economic Research before a Carroll Round Keynote Speech event at 4:35 p.m. EDT (2035 GMT).
In the flash purchasing managers' index data for France, services, at 53.9 in March, accelerated noticeably while manufacturing remained under 50 at 47.3. April's expectations are 53.0 for services and 47.5 for manufacturing. The key composite output is expected at 52.8, up from March's final 52.7.
In the German PMI data, the consensus call for the manufacturing sector is 45.5 for April, up from 44.7 in March, when the index showed another month of significant contraction and little relief. Services, after March's 53.7, is seen in April at 53.4.
As for the Eurozone PMI, the consensus estimates for April are 48.0 for manufacturing and 54.5 for services after March's 47.3 for manufacturing that was in steep imbalance against 55.0 for services. The key composite output is expected at 54.0, up from March's final 53.7.
In the UK PMIs, services have held in the low-to-mid 50's the past two months and 52.5 is the expectation for April. Manufacturing, which has been in the high 40's, is seen at 48.5.
In the US PMIs, services popped back to the 50 column in February for the first time in eight months and improved further in March to 52.6; the consensus for April is 51.5. Manufacturing in contrast has been in sub-50 contraction for the last five months though the index in March did move nearly 2 points higher to 49.3; 49.1 is the manufacturing consensus for April.
Canadian retail sales in February are expected to fall 0.6 percent following a surprisingly sharp 1.4 percent rise in January, which was supported by mild weather.
Federal Reserve Board Governor Lisa Cook will speak on Important Questions for Economic Research before a Carroll Round Keynote Speech event at 4:35 p.m. EDT (2035 GMT).
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.
