-
NFP report forecast to show first decline since 2010
-
ISM non-manufacturing seen plunging in March
-
Revised PMIs from Europe and US
Yesterday's spike in oil price boosted moods on the global stock markets. However, futures markets hint at major European stock benchmarks opening slightly lower today. There are not any key releases scheduled as revised PMIs should not have much of an impact on prices. Things look different when it comes to the US session as two key reports will be released - NFP and ISM non-manufacturing. Apart from that, traders should keep on guard as oil price action may remain volatile today.
8:55 am BST - Germany, services PMI for March (final). Preliminary release: 34.5 pts
Start investing today or test a free demo
Open account Try demo Download mobile app Download mobile app9:00 am BST - Euro area, services PMI for March (final). Preliminary release: 28.4 pts
9:30 am BST - UK, services PMI for March (final). Preliminary release: 35.7 pts
1:30 pm BST - US, NFP report for March. NFP report release is usually the key point of the week. While the situation on the US labour market is definitely worth watching, the impact may be understated by today's print. This is because most of the actual data for the NFP report is collected in the first half of the month and is only later revised to account for the full month. Having said that, we may not see a very bad NFP print until next month. Market consensus expects a drop of 100k in employment.
2:45 pm BST - US, services PMI for March (final). Preliminary release: 39.1 pts
3:00 pm BST - US, ISM non-manufacturing for March. What differs the current crisis from the previous ones, is that it affects the services sector more than the manufacturing sector. Having said that, today's release can be seen as more important than manufacturing print released on Wednesday. Market is expecting a massive drop from 57.3 pts in February to 44 pts in March.
This content has been created by XTB S.A. This service is provided by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, entered in the register of entrepreneurs of the National Court Register (Krajowy Rejestr Sądowy) conducted by District Court for the Capital City of Warsaw, XII Commercial Division of the National Court Register under KRS number 0000217580, REGON number 015803782 and Tax Identification Number (NIP) 527-24-43-955, with the fully paid up share capital in the amount of PLN 5.869.181,75. XTB S.A. conducts brokerage activities on the basis of the license granted by Polish Securities and Exchange Commission on 8th November 2005 No. DDM-M-4021-57-1/2005 and is supervised by Polish Supervision Authority.
