Here are some of the important economic data that will be the focus of the market throughout the week.
US Services PMI Data ISM Survey (Monday 10.00pm): The services sector in the United States is seen to be showing good growth. The reading for March is expected to rise to 58.3 points from 55.3 in February.
Australian Central Bank Policy Meeting (Tuesday 12.30pm): The Reserve Bank of Australia (RBA) is expected to continue to keep interest rates unchanged at 0.10% and the latest statement by the Governor will be an indication for investors for future central bank policy.
European Services PMI Data (Wednesday 4.00 PM): The final reading of the services PMI is expected to be unchanged from the previous reading. The European services sector is seen to be showing improvement after falling below the 50.0 level since October last year.
UK Services PMI Data (Wednesday 4.30pm): The UK services sector has shown growth in March, for the first time in 5 months to 56.8 points. The final reading is expected to remain unchanged.
FOMC Meeting Minutes (Thursday 2.00 AM): Investors will scrutinize further details in the minutes after the FOMC meeting in March on whether meeting members are paying attention to changes in inflation or the bond market.
China Inflation Data (Friday 9.30am): Consumer spending will signal early economic recovery. The expected rise in the consumer price index in China will provide an injection of global market sentiment.
Canadian Employment Data Report (Friday 8.30pm): The increase in jobs in Canada for March is expected to drop to 90,000 from a jump of 259,200 in the previous month. Meanwhile, the unemployment rate is expected to decline to 8.0% from 8.2%.
