Guide to today’s important data and events

Lot of economic dockets scheduled for today and some with high risks associated.

Data released so far –

• Australia – Reserve Bank of Australia kept interest rates on hold at 2%. Trade balance for February came at -$3.41 billion.

• New Zealand – ANZ commodity price declined by -1.3% in March.

• Japan – Labor cash earnings rose 0.9% y/y in February.

Upcoming –  

• Germany – Factory orders will be released at 6:00 GMT. Markit services PMI will be announced at 7:55 GMT.

• India – RBI will announce monetary policy decision at 6:30 GMT.

• Spain – Markit services PMI will be announced at 7:15 GMT.

• Italy – Markit services PMI will be announced at 7:45 GMT.

• France - Markit services PMI will be announced at 7:50 GMT.

• Euro Zone – Markit services PMI will be announced at 8:00 GMT. Retail sales for February will be released at 9:00 GMT.

• UK – Services PMI will be released at 8:30 GMT. BRC shop price index will be released at 23:00 GMT.

• United States –Trade balance will be released at 12:30 GMT, followed by Redbook index at 12:55 GMT and Markit services PMI at 13:45 GMT. ISM non-manufacturing PMI and TIPP economic optimism will be released at 14:00 GMT.

• Canada – International trade details for February will be announced at 12:30 GMT..

• New Zealand – Global dairy auction scheduled this week.