Here are some of the important economic data that will be the focus of the market throughout the week.
China Manufacturing and Services PMI Data (Wednesday 9.00am): Developments in the manufacturing and services sector are also monitored to assess the health of the world's second largest economy. A good data reading will lead to positive market sentiment.
UK Gross Domestic Product Data (Wednesday 2.00pm): The final reading of GDP growth in the UK for the last quarter of 2020 is expected to be unchanged with the initial reading declining to 1.0%.
European Inflation Data (Wednesday 5.00pm): The initial annual reading of inflation in the European zone is expected to be positive with the consumer price index projected to rise to 1.3% from 0.9%. Encouraging readings will help restore stress in Europe following an increase in cases of viral infections.
US Manufacturing PMI Data ISM Review (Thursday 10.00pm): The outlook for the manufacturing sector in the United States is expected to have an impact on US dollar trading in the market. The reading is expected to remain high to indicate good development by the world's largest economic sector.
US NFP Employment Data Report (Friday 8.30pm): Being the main focus data this week is the US NFP data with the expectation of almost doubling job growth for March. The unemployment rate is expected to show a decline.
