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Thursday is jobs day in the U.S., which represents the last measure of the employment picture before the nonfarm payrolls report on Friday.Here’s what you need to know.
- China starts things off at 10:30 p.m. on Wednesday evening with a reading of services PMI. The index last read at 53.9. There is no consensus estimate for the March report.
- Swiss consumer prices follow at 3:15 a.m. on Thursday morning. Economists anticipate prices increased 0.4 per cent during the month, a 10 basis point acceleration from February.
- British industrial production is set for release at 4:30 a.m. Industrial production is expected to gain 0.4 per cent in February, while manufacturing increases 0.1 per cent.
- At 6:00 a.m. a reading of German industrial production is set for release, with expectations for a 0.5 per cent contraction in February.
- The Bank of England will release a monetary policy decision at 7:00 a.m. Economists polled by Bloomberg do not anticipate an interest rate or asset purchasing plan change. Rates presently stand at 0.5 per cent.
- Attention shifts to North America at 7:30 a.m. with Challenger job cuts. Layoffs last declined 3.3 per cent from January’s spike, but were 2.0 per cent above year ago levels. There is no consensus estimate for the March report.
- Initial unemployment claims are set for release at 8:30 a.m. Economists forecast an improvement from last week’s reading, with first time claims falling to 355,000 from 359,000.
- Canada will release a reading of unemployment at the same time, with the Street predicting the jobless rate to remain at 7.4 per cent in March.
There are no major earnings announcements scheduled for the day.
Consensus estimates provided by Bloomberg. All times are in Eastern Standard Time.