Highlights
In Switzerland, consumer prices are seen up 0.2 percent on the month in April, lifting annual inflation to 1.2 percent from 1.0 percent in March.
Swiss retail sales are expected to rise 0.2 percent on year in March after falling 0.2 percent in February.
SVME PMI for the manufacturing sector is expected to edge up to 45.5 in April and so remain well below the 50-expansion threshold.
In France, no revisions are expected to the April manufacturing PMI, leaving a 44.9 headline index, down from March's final 46.2.
No revisions are expected to the German manufacturing PMI for April, leaving a 42.2 headline index, up from March's final 41.9.
In the Eurozone, too, no revisions are expected to the manufacturing PMI for April, leaving a 45.6 headline index, down from March's final 46.1.
In the US, a deficit of $69.0 billion is expected in March for total goods and services trade, which would compare with a $68.9 billion deficit in February. Advance data on the goods side of March's report showed a $1.5 billion widening in the deficit.
New jobless claims for the May 2 week are expected to come in at 211,000 versus 207,000 in the prior week which was the lowest level since mid-February.
Nonfarm productivity is expected to rise at a 0.9 percent annualized rate in the first quarter and down from 3.2 percent growth in the fourth quarter. Unit labor costs, which rose 0.4 percent in the fourth quarter, are expected to rise to a 3.3 percent rate in the first quarter.
Factory orders are expected to rise 1.6 percent in March versus February's 1.4 percent rise. Durable goods orders for March, which have already been released and are one of two major components of this report, rose 2.6 percent on the month and saw gains concentrated in aircraft and vehicles.
Unit vehicle sales in April are expected to decrease to a 15.7 million annualized rate from March's 15.5 million rate.
In Canada, March's trade balance is seen in surplus of C$1.1 billion versus February's higher-than-expected surplus of C$1.4 billion that showed wide gains for exports.
Swiss retail sales are expected to rise 0.2 percent on year in March after falling 0.2 percent in February.
SVME PMI for the manufacturing sector is expected to edge up to 45.5 in April and so remain well below the 50-expansion threshold.
In France, no revisions are expected to the April manufacturing PMI, leaving a 44.9 headline index, down from March's final 46.2.
No revisions are expected to the German manufacturing PMI for April, leaving a 42.2 headline index, up from March's final 41.9.
In the Eurozone, too, no revisions are expected to the manufacturing PMI for April, leaving a 45.6 headline index, down from March's final 46.1.
In the US, a deficit of $69.0 billion is expected in March for total goods and services trade, which would compare with a $68.9 billion deficit in February. Advance data on the goods side of March's report showed a $1.5 billion widening in the deficit.
New jobless claims for the May 2 week are expected to come in at 211,000 versus 207,000 in the prior week which was the lowest level since mid-February.
Nonfarm productivity is expected to rise at a 0.9 percent annualized rate in the first quarter and down from 3.2 percent growth in the fourth quarter. Unit labor costs, which rose 0.4 percent in the fourth quarter, are expected to rise to a 3.3 percent rate in the first quarter.
Factory orders are expected to rise 1.6 percent in March versus February's 1.4 percent rise. Durable goods orders for March, which have already been released and are one of two major components of this report, rose 2.6 percent on the month and saw gains concentrated in aircraft and vehicles.
Unit vehicle sales in April are expected to decrease to a 15.7 million annualized rate from March's 15.5 million rate.
In Canada, March's trade balance is seen in surplus of C$1.1 billion versus February's higher-than-expected surplus of C$1.4 billion that showed wide gains for exports.
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.
