Highlights
The Eurozone unemployment rate is forecast at 6.6 percent in March, unchanged from February.
The US ADP employment report is expected to show a month-over-month increase of 143,000 jobs in April. This would compare with March growth in private payrolls reported by the Bureau of Labor Statistics of 189,000. ADP's number for March was 145,000.
No change at the mid-month's 53.7 is the call for the US PMI service's April final.
Business activity in the US service sector is expected to be in positive territory for a fourth straight month in April, with the Institute for Supply Management (ISM) index seen improving slightly to 51.7 after slipping to a much weaker-than-expected 51.2 in March, when growth in new orders and employment decelerated.
At 2 p.m. EDT (1800 GMT), the Federal Open Market Committee is scheduled to announce the outcome of its two-day policy meeting. The FOMC is expected to raise the target range for the federal funds rate by 25 basis points to a range of 5.00 to 5.25 percent, after tightening at the same rate in March and January and slowing the pace of its tightening from 50 basis points in December and 75-point hikes conducted previously.
Federal Reserve Chair Jerome Powell will hold a post-meeting news conference at 2:30 p.m. EDT (1830 GMT).
In Australia, consensus for goods and services trade in March is a surplus of A$13.3 billion versus February's surplus of A$13.87 billion, which was bigger than expected. Yet both exports and especially imports fell in February.
China's Caixin manufacturing PMI in April is expected to edge higher to 50.3 from 50.0 in March.
The US ADP employment report is expected to show a month-over-month increase of 143,000 jobs in April. This would compare with March growth in private payrolls reported by the Bureau of Labor Statistics of 189,000. ADP's number for March was 145,000.
No change at the mid-month's 53.7 is the call for the US PMI service's April final.
Business activity in the US service sector is expected to be in positive territory for a fourth straight month in April, with the Institute for Supply Management (ISM) index seen improving slightly to 51.7 after slipping to a much weaker-than-expected 51.2 in March, when growth in new orders and employment decelerated.
At 2 p.m. EDT (1800 GMT), the Federal Open Market Committee is scheduled to announce the outcome of its two-day policy meeting. The FOMC is expected to raise the target range for the federal funds rate by 25 basis points to a range of 5.00 to 5.25 percent, after tightening at the same rate in March and January and slowing the pace of its tightening from 50 basis points in December and 75-point hikes conducted previously.
Federal Reserve Chair Jerome Powell will hold a post-meeting news conference at 2:30 p.m. EDT (1830 GMT).
In Australia, consensus for goods and services trade in March is a surplus of A$13.3 billion versus February's surplus of A$13.87 billion, which was bigger than expected. Yet both exports and especially imports fell in February.
China's Caixin manufacturing PMI in April is expected to edge higher to 50.3 from 50.0 in March.
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.
