Highlights

In Switzerland, the seasonally adjusted unemployment rate is expected to be unchanged at 1.9 percent in April.

The Swiss annual inflation rate is forecast at 2.8 percent in April, down a tick from March.

German manufacturers' orders in March are expected to fall 2.2 percent on the month after a very strong 4.8 percent jump in February.

French industrial production is expected to slip back 0.4 percent on the month in March after rising 1.2 percent in February.

Retail sales in Italy are seen rising 0.3 percent on the month in March after a 0.1 percent drop in February and a 1.7 percent jump in January.

The UK construction purchasing managers' Index (PMI) is expected to improve 0.3 point to 51.0 in April.

In the Eurozone, retail sales are expected to edge up a monthly 0.1 percent in March following February's as-expected fall of 0.8 percent while falling 3.0 percent on the year after slipping at the same rate in February.

US nonfarm payrolls are forecast to increase 178,000 in April, slowing from an as-expected 236,000 rise in March. Average hourly earnings in April are expected to rise 0.3 percent on the month for a year-over-year rate of 4.2 percent; these would match March's rates. April's unemployment rate is expected to rise 1 tenth to 3.6 percent.

Consumer credit in the US is expected to increase $17.0 billion in March versus an increase of $15.3 billion in February.

In Canada, employment in April is expected to rise 17,500, also slowing from March's stronger-than-expected growth of 34,700. April's unemployment rate is expected to rise 1 tenth to 5.1 percent.

Federal Reserve Board Governor Lisa Cook will give a commencement address before the 2023 Spring Convocation of Michigan State University at 1 p.m. EDT (1700 GMT).

Also at 1 p.m. EDT (1700 GMT), St. Louis Federal Reserve Bank President James Bullard will participate in a fireside chat on the US economy and monetary policy before an Economic Club of Minnesota luncheon.

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.
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