Monday kicks off a busy week with major readings of global manufacturing, including reports out of the U.K., France, and Germany. In the U.S., traders will be waiting on construction spending for the month.
Here’s what you need to know.
- The U.K. starts things off at 7:01 p.m. EST on Sunday evening with the Lloyds Business Barometer. Conditions last read at 1. There is no consensus for the March report.
- Australian building approvals follow at 11:30 p.m. EST, with expectations for a 0.5 per cent sequential gain in February.
- Indian trade will be announced at 1:30 a.m. EST on Monday morning. Exports last increased by 10.1 per cent in January, while imports jumped 20.3 per cent compared to year ago levels. There is no consensus for the February report.
- Danish retail sales are expected to decline 0.3 per cent in February from a month earlier. The announcement is timed for 3:00 a.m. EST.
- Between 3:00 and 4:00 a.m. EST, a series of manufacturer sentiment reports will be released. Spanish March PMI is seen at 44.5. Italian PMI is expected to decline 20 basis points to 47.6 while French and German readings are forecast to remain unchanged at 47.6 and 48.1, respectively. A reading below 50 represents contraction.
- Italian unemployment follows at 4:00 a.m. EST, with expectations for the jobless rate to jump 10 basis points to 9.3 per cent in February.
- British PMI is expected to decline to 50.7 from 51.2 in March, representing a tempered expansion. The release is scheduled for 4:30 a.m. EST.
- Attention shifts to the U.S. at 10:00 a.m. EST with announcements of construction spending and ISM manufacturing. Economists forecast spending increased 0.7 per cent sequentially in February. The ISM index is anticipated to increase to 53.1 in March from its last reading of 52.4.
- Closing out the day is a speech by the Bank of Canada’s Mark Carney at 12:15 p.m. EST in Waterloo, Ontario.
Below, the major earnings announcement scheduled for the day.
PEP Boys (PBY): $0.12
Consensus provided by Bloomberg.
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