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Event and data risks are high across board today. Focus is on manufacturing PMI details.
Data released so far -
- Australia - Building permits grew 14.3% in February y/y, however it dropped -3.2% m/m.
- Japan - Nomura manufacturing PMI came at 50.3, down from prior 51.6.
- China - NBS manufacturing PMI registered 50.1, better from previous 49.9. Non-manufacturing PMI came at 53.7, down from prior 53.9. HSBC manufacturing PMI fell to 49.6 from prior 50.7.
- Spain - Markit manufacturing PMI grew to 54.4 in March from prior 54.2
Upcoming -
- Switzerland - SVME PMI to be released at 7:30 GMT.
- Italy - Markit manufacturing PMI to be released at 7:45 GMT. Prior 51.9
- France - Markit manufacturing PMI scheduled at 7:50 GMT. Prior 47.6
- Germany - Manufacturing PMI details scheduled at 7:55 GMT. Prior 51.1
- Italy - Unemployment rate is scheduled for release at 8:00 GMT. CPI and PPI will be released at 9:00 GMT and 10:00 GMT respectively.
- Euro zone - Markit manufacturing PMI would be released at 8:00 GMT. ECB will be holding its non-monetary policy meeting today.
- Greece - PMI details to be released at 8:00 GMT. Prior 48.4
- UK - Manufacturing PMI scheduled for release at 8:30 GMT. Prior 54.1.
- Canada - RBC manufacturing PMI scheduled at 13:30 GMT.
- US - Lots of economic dockets scheduled for release today. MBA mortgage application at 11 GMT, followed by ADP employment report at 12:15 GMT. Markit manufacturing PMI to be published around 13:45 GMT, followed by ISM manufacturing PMI at 14:00 GMT.
- US - Two FED speakers are scheduled today. FOMC member Williams to speak around 13:00 GMT, followed by FED's Lockhart at 14:30 GMT.
