Become a logicalchat Member

Latest Post

What are Your Biggest Financial Challenges for Canadians?

Canadians are known for their resilience, but there's no denying that our financial landscape is getting tougher. From rising inflation to staggering housing costs,...

Your story starts here. Sign up and let's connect in ways that truly matter!

HomeNewsWeekly newsKey Events in the Week Ahead: US PMI, Auto sales, Non-Farm Payrolls...

Key Events in the Week Ahead: US PMI, Auto sales, Non-Farm Payrolls etc. in Focus.

Key Events to Watch Next Week in Global Markets: A Breakdown April1-5th.

Monday – April 01

US Manufacturing PMI: The ISM Manufacturing PMI index declined in February. Data for March will be updated.

China Manufacturing PMI: Caixin Manufacturing PMI edged up in February indicating expansion in factory activity. Data for March will be released.

Auto sales:- Data reports for Tesla, Nio, XPeng, Rivian Automotive, Li Auto, and Lucid Group are expected this week. Quarterly sales reports, Manheim Used Vehicle Index, Macau gross gaming revenue, Class 8 truck orders, firearm background check data, and discount broker DARTs reports are also expected.

Key Events on watch

  • 9:45 AM S&P Global Manufacturing March-Final
  • 10:00 AM Construction Spending M/M for February
  • 10:00 AM ISM Manufacturing PMI for March

Earnings: PVH (PVH).

Tuesday – April 02

US Job Openings, Factory Orders: The number of job openings are projected to ease further in February. Job openings trailed expectations in January. Factory orders data for February will also be released.

Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the Multi-Chamber Economic Outlook Luncheon and Expo at 12:45 p.m.

Key Events on watch

  • 7:45 AM ICSC Weekly Retail Sales
  • 8:55 AM Johnson/Redbook Weekly Sales
  • 10:00 AM Factory Orders M/M for February
  • 10:00 AM JOLTs Job Openings for February
  • 10:00 AM Durable Goods Orders M/M for February
  • 12:00 PM Fed’s Williams Moderates Discussion at Economic Club of NY
  • 12:05 PM Fed’s Mester Gives Remarks on Economic Outlook
  • 1:30 PM Fed’s Daly Participates in Fireside Chat
  • 4:30 PM API Weekly Inventory Data

Earnings: Cal-Maine Foods (CALM), Paychex (PAYX), and Dave & Buster’s (PLAY).


Wednesday – March 03

US ISM Services PMI: The ISM Services PMI declined in February, indicating slowdown in manufacturing sector. Data for March will be released.

China Caixin Services PMI: Activity in the services sector moderated in February. Data for March will be updated.

Euro Area Inflation Rate: Inflation rate in the Euro Area may remain stable in March. Inflation dropped to the lowest level in three months in February.

Maxim Group convenes event with bitcoin mining ecosystem companies to discuss industry evolution and prospects, announcing Bitcoin ETF approval and halving event on April 20.

Key Events on watch

  • 7:00 AM                  MBA Mortgage Applications Data
  • 8:15 AM                   ADP National Employment for March
  • 9:45 AM                   S&P Global Composite PMI March-Pre
  • 9:45 AM                  S&P Global Services PMI, March-Final
  • 10:00 AM                 ISM Non-Manufacturing PMI for March
  • 10:30 AM                Weekly DOE Inventory Data
  • 12:00 PM                Fed’s Goolsbee Gives Opening Remarks
  • 12:10 PM                 Fed’s Powell Speaks at Stanford Event

Earnings: Acuity Brands (AYI), Levi Strauss (LEVI), BlackBerry (BB), and Sportsman’s Warehouse (SPWH).


Thursday – April 04

US Exports-Imports, Jobless Claims: Both exports and imports increased in January. Data for February will be updated.

The number of people claiming unemployment benefits declined in the week ending March 23. Data for the period ending March 30 will be updated.

Chicago Federal Reserve Bank President Austan Goolsbee will participate in a moderated question-and-answer session before the Multi-Chamber Economic Outlook Luncheon and Expo.

Key Events on watch

  • 7:00 AM ET                  Challenger Layoffs for March
  • 8:30 AM ET                  Weekly Jobless Claims
  • 8:30 AM ET                  Continuing Claims
  • 8:30 AM ET                  Internation Trade for February
  • 10:00 AM ET                Fed’s Harker Participates in Fireside Chat
  • 10:30 AM ET                Weekly EIA Natural Gas Inventory Data
  • 12:45 PM ET                Fed’s Goolsbee Participates in Moderated Q&A
  • 2:00 PM ET                   Fed’s Mester Gives Remarks on Economic Outlook

Earnings: Lamb Weston (LW), Lindsay (LNN), and Conagra Brands (CAG).


Friday – April 05

US Non-Farm Payrolls, Unemployment Rate: The unemployment rate in the US increased in February. Data for March will be updated. Jobs in the non-farm sectors are projected to ease in March.

Key Events on watch

  • 8:30 AM ET                  Non-Farm Payrolls for March
  • 8:30 AM ET                  Private Payrolls for March
  • 8:30 AM ET                  Manufacturing Payrolls for March
  • 8:30 AM ET                  Unemployment Rate for March
  • 8:30 AM ET                  Average Hourly Earnings M/M for March
  • 1:00 PM ET                   Baker Hughes Weekly rig count data
  • 3:00 PM ET                   Consumer Credit for February

Must read book about investing – check here

Related Post