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Tuesday continues a busy week with auto sales in the U.S. Internationally, Brazilian industrial production and a reading of producer prices in the eurozone will move markets.Here’s what you need to know.
- China starts things off at 9:00 p.m. EST on Monday evening with a reading of non-manufacturing PMI. Conditions last read at 48.4. There is no consensus for the March report.
- Australian retail sales follow at 11:30 p.m. EST, with expectations for a 0.2 per cent sequential gain in February.
- The change in Spanish unemployment will be announced at 3:00 a.m. EST on Tuesday morning. Economists anticipate 54,000 more Spaniards were unemployed in March, slower than the 112,300 who filed new claims in February.
- An index of British construction is expected to fall slightly to 53.4 in March from 54.3 last month. A figure above 50 indicates expansion. The announcement is scheduled for 4:30 a.m. EST.
- Eurozone producer prices follow at 5:00 a.m. EST. PPI is seen increasing 0.5 per cent in February, slightly slower than the 0.7 per cent gain in January.
- Brazilian industrial production is to be released at 8:00 a.m. EST, with expectations for a 0.6 per cent month-on-month gain in February.
- At 9:00 a.m. Mexican consumer confidence will be released. Consensus opinion is for the index to increase 40 basis points to 94.0 in March.
- Attention shifts to the U.S. at 9:45 a.m. EST with ISM New York, which last came in at 63.1. There is no consensus for the March report.
- At 10:00 a.m. EST U.S. factory orders will be announced. Economists are looking for a 1.5 per cent gain in February, reversing a 1.0 per cent contraction in January.
- Closing out the day is the release of FOMC minutes at 2:00 p.m. EST.
Below, the major earnings announcement scheduled for the day.
Comverse Technology (CMVT): $0.17
Consensus provided by Bloomberg.