Global Markets:
- Asian stock markets: Nikkei up 0.80 %, Shanghai Composite and Hang Seng both gained 1.60 %, ASX declined 1.25 %
- Commodities: Gold at $1193 (-0.60 %), Silver at $16.87 (-1.20 %), WTI Oil at $48.15 (-1.50 %), Brent Oil at $56.00 (-0.30 %)
- Rates: US 10 year yield at 1.956, UK 10 year yield at 1.544, German 10 year yield at 0.209
News & Data:
- Japan Industrial Production -3.4 %, Expected: -1.8 %, Previous: 3.7 %
- PBOC Governor Zhou Warns On Growth Slowdown, Says PBOC Has Room To Act
- Russia, Australia & Netherlands Join AIIB — RTRS
- Troika Expects Greece To Miss Primary Surplus Target This Year — RTRS
- Iran & Powers Explore Nuclear Compromises, Israel Alarmed — RTRS
- Iran Nuclear Deal To See $20 Oil If Tehran Floods Crude Market — Telegraph
CFTC Positioning Data:
- EUR net short 221K vs net short 194K prior
- JPY net short 46K vs net short 48k prior
- GBP net short 39K vs net short 38K prior
- AUD net short 28K vs net short 29K prior
- CAD net short 33K vs net short 33K prior
- CHF net short 4K vs net long 2K prior
Upcoming Events:
- 08:00 GMT – Swiss KOF Leading Indicators (89.1)
- 08:00 GMT – Spanish CPI (-1.0 % y/y)
- 09:00 GMT – Italian Consumer Confidence (110.9)
- 10:00 GMT – Euro Zone Consumer Confidence (-4.0)
- 10:00 GMT – Euro Zone Business Climate (0.2)
- 13:00 GMT – German CPI (0.5 % m/m, 0.3 % y/y)
- 13:00 GMT – German HICP (0.5 % m/m, 0.1 % y/y)
- 13:30 GMT – US Core PCE Price Index (0.1 %)
- 13:30 GMT – US Personal Spending (0.2 % m/m)
- 13:30 GMT – US Personal Income (0.3 % m/m)
- 15:00 GMT – US Pending Home Sales (0.4 % m/m)
The Week Ahead (Key Data Releases & Events):
Tuesday, March 31st
- 01:00 GMT – Australia New Home Sales
- 07:00 GMT – German Retail sales (-0.8 % m/m, 3.7 % y/y)
- 07:45 GMT – French Consumer Spending (0.8 % m/m)
- 08:00 GMT – Spanish Retail Sales (4.0 % y/y)
- 08:55 GMT – German Unemployment Rate (6.5 %)
- 08:55 GMT – German Unemployment Change (-12k)
- 09:30 GMT – UK GDP (0.5 % q/q, 2.7 % y/y)
- 10:00 GMT – Italian CPI (0.2 % m/m, -0.1 % y/y)
- 10:00 GMT – Euro Zone CPI (-0.1 % y/y)
- 10:00 GMT – Euro Zone Core CPI (0.6 % y/y)
- 10:00 GMT – Euro Zone Unemployment Rate (11.2 %)
- 13:30 GMT – Canadian GDP (0.2 % m/m)
- 14:45 GMT – US Chicago PMI (51.5)
- 15:00 GMT – US CB Consumer Confidence (96.0)
Wednesday, April 01st
- 00:50 GMT – Japan Tankan Large Manufacturers Index (14.0)
- 00:50 GMT – Japan Tankan Large Non-Manufacturers Index (17.0)
- 01:30 GMT – Australian Building Approvals (-4.0 % m/m)
- 02:00 GMT – Chinese Manufacturing PMI (49.7)
- 02:00 GMT – Chinese Non-Manufacturing PMI
- 02:35 GMT – Japanese Manufacturing PMI (50.4)
- 08:15 GMT – Spanish Manufacturing PMI (54.7)
- 08:45 GMT – Italian Manufacturing PMI (52.2)
- 08:50 GMT – French Manufacturing PMI (52.4)
- 08:55 GMT – German Manufacturing PMI (51.9)
- 09:00 GMT – Euro Zone Manufacturing PMI (51.9)
- 09:30 GMT – UK Manufacturing PMI (54.3)
- 13:15 GMT – US ADP Nonfarm Employment Change (225k)
- 14:00 GMT – FOMC Member Williams speaks
- 14:45 GMT – US Markit Manufacturing PMI (51.8)
- 15:00 GMT – US ISM Manufacturing PMI (52.5)
- 15:30 GMT – FOMC Member Lockhart speaks
Thursday, April 02nd
- 01:30 GMT – Australian Trade Balance (-A$1.30bln)
- 09:30 GMT – UK Construction PMI (59.5)
- 13:30 GMT – US Initial Jobless Claims
- 13:30 GMT – US Trade Balance
- 13:30 GMT – Canadian Trade Balance
- 15:00 GMT – US Factory Orders (-0.4 % m/m)
Friday, April 03rd
- 02:45 GMT – Chinese HSBC Services PMI
- 13:30 GMT – US Nonfarm Payrolls (250k)
- 13:30 GMT – US Unemployment Rate (5.5 %)
- 13:30 GMT – US Average Hourly Earnings (0.2 % m/m)
- 13:30 GMT – US Participation Rate