Highlights
Eurozone inflation remains on a gradual easing trend. The harmonised index of consumer prices (HICP) is expected to rise 2.5 percent on year in March, slowing from 2.6 percent in February and 2.8 percent in January. The narrow core measure is also forecast to show a slightly smaller increase of 3.0 percent after moderating to 3.1 percent from 3.3 percent.
The Eurozone unemployment rate for February is no change at 6.4 percent. It has been running at record lows.
In the US, ADP's March employment increase is forecast at 150,000. This would compare with February growth in private payrolls reported by the Bureau of Labor Statistics of 223,000. ADP's number for February was 140,000
No change at the mid-month's 51.7 is the consensus for the US services PMI's March final. This index ended February at 52.3
Business activity in the US services sector is expected to be in positive territory for the 15th straight month in March, with the key index compiled by the Institute for Supply Management (ISM) seen edging up to 52.7 from 52.6 in February, when it posted a slight pullback on mixed employment conditions and concerns over inflation.
Among Fed officials, Federal Reserve Board Governor Michelle Bowman will speak on"Bank Liquidity, Regulation, and the Fed's Role as Lender of Last Resort" before the Committee on Capital Markets Regulation Roundtable on Lender of Last Resort at 9:45 a.m. EDT (1345 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will give opening remarks before the virtual Federal Reserve Bank of Chicago event"Preventing Elder Financial Exploitation: Research, Policies, and Strategies" at 12 p.m. EDT (1600 GMT).
Federal Reserve Chairman Jerome Powell will speak on the economic outlook before the Stanford Business, Government and Society Forum at 12:10 p.m. EDT (1610 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in a discussion on"Community Reinvestment Act" before the National Community Reinvestment Coalition"Just Economy Conference 2024" at 1:10 p.m. EDT (1710 GMT).
Federal Reserve Board Governor Adriana Kugler will speak on"The Outlook of the U.S. Economy and Monetary Policy" at an event hosted by the Washington University in St. Louis at 4:30 p.m. EDT (2030 GMT).
The Eurozone unemployment rate for February is no change at 6.4 percent. It has been running at record lows.
In the US, ADP's March employment increase is forecast at 150,000. This would compare with February growth in private payrolls reported by the Bureau of Labor Statistics of 223,000. ADP's number for February was 140,000
No change at the mid-month's 51.7 is the consensus for the US services PMI's March final. This index ended February at 52.3
Business activity in the US services sector is expected to be in positive territory for the 15th straight month in March, with the key index compiled by the Institute for Supply Management (ISM) seen edging up to 52.7 from 52.6 in February, when it posted a slight pullback on mixed employment conditions and concerns over inflation.
Among Fed officials, Federal Reserve Board Governor Michelle Bowman will speak on"Bank Liquidity, Regulation, and the Fed's Role as Lender of Last Resort" before the Committee on Capital Markets Regulation Roundtable on Lender of Last Resort at 9:45 a.m. EDT (1345 GMT).
Chicago Federal Reserve Bank President Austan Goolsbee will give opening remarks before the virtual Federal Reserve Bank of Chicago event"Preventing Elder Financial Exploitation: Research, Policies, and Strategies" at 12 p.m. EDT (1600 GMT).
Federal Reserve Chairman Jerome Powell will speak on the economic outlook before the Stanford Business, Government and Society Forum at 12:10 p.m. EDT (1610 GMT).
Federal Reserve Vice Chair for Supervision Michael Barr will participate in a discussion on"Community Reinvestment Act" before the National Community Reinvestment Coalition"Just Economy Conference 2024" at 1:10 p.m. EDT (1710 GMT).
Federal Reserve Board Governor Adriana Kugler will speak on"The Outlook of the U.S. Economy and Monetary Policy" at an event hosted by the Washington University in St. Louis at 4:30 p.m. EDT (2030 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.
