Highlights
French industrial production is expected to rise 0.6 percent on the month in March after rising a lower-than-expected 0.2 percent in February. Production in France has been flat.
No revisions are expected to the UK composite PMI for April, leaving a solid 54.0 headline composite output index, up from March's final 52.8.
The Eurozone unemployment rate for March is no change at 6.5 percent. Unemployment in the region has been running at record lows.
In the US, a strong 243,000 rise is the call for nonfarm payroll growth in April versus an even stronger 303,000 in March which for a fifth month in a row exceeded Econoday's consensus and for the fourth month in a row exceeded Econoday's consensus range.
Average hourly earnings in April are expected to rise 0.3 percent on the month for a year-over-year rate of 4.0 percent; these would compare with March's rates of 0.3 and 4.1 percent. April's unemployment rate is expected to hold unchanged at March's 3.8 percent.
No change at the mid-month's 50.9 is the consensus for the services PMI's April final. This index ended March at 51.7.
Business activity in the US services sector is expected to be in positive territory for the 16th straight month in April, with the key index compiled by the Institute for Supply Management (ISM) forecast at 52.0, up 0.6 percentage point from 51.4 in March, when it unexpectedly fell 1.2 points on slower growth in new orders and a contraction in employment conditions amid concerns over inflation.
Federal Reserve Bank of New York President John Williams and Federal Reserve Bank of Chicago President Austan Goolsbee will participate in a panel discussion at the hybrid"Getting Global Monetary Policy on Track" event hosted by the Hoover Institution at Stanford University at 7:45 p.m. EDT (2345 GMT).
No revisions are expected to the UK composite PMI for April, leaving a solid 54.0 headline composite output index, up from March's final 52.8.
The Eurozone unemployment rate for March is no change at 6.5 percent. Unemployment in the region has been running at record lows.
In the US, a strong 243,000 rise is the call for nonfarm payroll growth in April versus an even stronger 303,000 in March which for a fifth month in a row exceeded Econoday's consensus and for the fourth month in a row exceeded Econoday's consensus range.
Average hourly earnings in April are expected to rise 0.3 percent on the month for a year-over-year rate of 4.0 percent; these would compare with March's rates of 0.3 and 4.1 percent. April's unemployment rate is expected to hold unchanged at March's 3.8 percent.
No change at the mid-month's 50.9 is the consensus for the services PMI's April final. This index ended March at 51.7.
Business activity in the US services sector is expected to be in positive territory for the 16th straight month in April, with the key index compiled by the Institute for Supply Management (ISM) forecast at 52.0, up 0.6 percentage point from 51.4 in March, when it unexpectedly fell 1.2 points on slower growth in new orders and a contraction in employment conditions amid concerns over inflation.
Federal Reserve Bank of New York President John Williams and Federal Reserve Bank of Chicago President Austan Goolsbee will participate in a panel discussion at the hybrid"Getting Global Monetary Policy on Track" event hosted by the Hoover Institution at Stanford University at 7:45 p.m. EDT (2345 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.
