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Friday is a big day for jobs, with the March non farm payrolls report out. But with equity markets closed for Good Friday, you’ll have to look for movement in the bond market for sentiment on the reading.Here’s what you need to know.
- Japan starts things off at 1:00 a.m. with a reading of its coincident index, which economists anticipate will increase by 90 basis points to 93.6.
- France’s trade balance follows at 2:45 a.m. Economists forecast a trade deficit of -€5.2 billion in February.
- Czech industrial production is set for release at 3:00 a.m. Industrial production is expected to increase 3.0 per cent in February.
- Italian Prime Minister Mario Monti will hold a meeting of his cabinet at 3:30 a.m.
- Announcement go quiet until the big non farm payrolls report in the U.S. at 8:30 a.m. Consensus is for 205,000 net new jobs in March, down slightly from the 227,000 pace in February. Business Insider projects a gain of 193,000 for March, with revisions of nearly 40,000 new jobs to the February and January reports.
- Along with the jobs report, economists forecast unemployment to remain constant at 8.3 per cent.
There are no major earnings announcements scheduled for the day.
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.