Non-farm payrolls dominate today's event calendar.
At 8:30 a.m. ET, the Labor Department will announce the number of
jobs added last month. Economists expect growth of 192,000, down
from 236,000 in February. The private sector is forecast to show an
increase of 210,000 versus 246,000 in the previous month. Higher
numbers would be considered bullish, while lower readings could
Also before the opening bell, the Eurozone will report retail-sales
data and Germany will release manufacturer orders. But U.S. jobs
data will almost certainly be the report that traders will be
watching most closely.
Next week, the calendar shifts away from macroeconomics and back to
companies and the retail sector. Earnings season officially begins
with Alcoa's report on Monday afternoon. While the pace of
announcements won't hit their fastest pace until later in the
month, many companies will probably issue preliminary results,
causing big price swings.
Attention will also focus on the release of March same-store sales
next Thursday morning and monthly retail sales Friday morning.
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