This week's calendar includes several important economic events
with the potential to impact share prices.
It starts with European inflation early this morning, which could
impact trading in the euro and energy prices. It's especially
important because the European Central Bank announces monetary
policy on Thursday.
The Chicago Purchasing Managers index is the only release in the
United States, scheduled for 9:45 a.m. ET. Economists expect a
reading of 60.1, up from 59.8 in February.
The overnight session between Monday and Tuesday brings global
manufacturing numbers from China and the Europe as HSBC/Markit
releases several purchasing managers indexes. It's followed in the
U.S. by the Institute for Supply Management's key report, plus
Wednesday brings ADP's private-sector payrolls report, mortgage
applications, and factory orders. Monsanto also reports earnings.
The ECB's rate decision is Thursday's big event. European retail
sales and U.S. initial jobless claims are also on the agenda.
Micron Technology announces results as well.
The most important headline of the week comes Friday morning, when
the U.S. Labor Department releases its monthly jobs report for
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