Economic Events and Analysis
Week of March 30 - April 3
US Calendar: This week, it's about the consumer. The highlight is Friday's employment report for March. Payroll gains have been respectable but will the trend continue? However, wage growth has been soft-a Fed concern. Motor vehicle sales for March post and there could be a weather related rebound. At the start of the week, the personal income report for February is released. Weather likely is still a factor on spending. The market focus may be on PCE inflation due to Fed thinking on getting to goal inflation of 2 percent year-ago.
The coming week is shortened by the Good Friday holiday in many countries. In the U.S., banks are open but markets will be closed. The BLS will release the employment situation report that day. Final manufacturing PMIs for March will be reported along with other key European data. In Japan, the quarterly Tankan survey will be released and will give investors an up to date reading on business sentiment.