Macroeconomic data tops calendar
David Russell | [email protected]
Germany and the Eurozone will report purchasing managers indexes early in the session. The European Central Bank and the Bank of England will also announce monetary policy before 8 a.m. ET.
The U.S. data begins at 7:30 a.m. ET with the Challenger job-cuts report for March. The more-important weekly jobless claims follow at 8:30 a.m. ET and is expected to show that 345,000 Americans lost their jobs versus 357,000 the previous week. Lower readings would be considered bullish and could affect expectations for the key monthly non-farm payrolls report tomorrow morning.
Natural-gas inventories are scheduled for 10:30 a.m. ET, which could affect trading among energy companies.