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6:24 AM · 5 April 2021

Economic calendar: US ISM Services PMI in the spotlight

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•    US ISM Services PMI

•    European markets closed for holiday

•    Boris Johnson to announce plans to reopen economy

US futures are trading higher this morning, following an upbeat Asian session. However, as Easter Monday holiday is being observed in many countries around the world, numerous stock exchanges, mainly in Europe, are shut today and liquidity is thinner.   Cocoa, Coffee, Sugar will resume trading in the afternoon. Some industrial commodities will not trade today. For more details please check the following link https://www.xtb.com/int/company-news?page=1

Economic calendar is quite light with US ISM Services PMI being the only noteworthy reading scheduled for release and may have the greatest impact on the Dollar and market risk sentiment. Elsewhere UK Prime Minister Boris Johnson, will be making an announcement about the country's next steps out of lockdown.

2:45 pm BST – US Final Services PMI for March. Expected: 60.3. Previous: 60.0

3:00 pm BST – US ISM Services PMI for March. Expected: 58.3 Previous: 55.3

3:00 pm BST – US Factory Orders for February. Expected: -0.5% m/m. Previous: 2.6% m/m 

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