The release of the ADP employment data for March should give us an early indication of what to expect from the official job report for March due on Friday although, admittedly, the ADP report is not always the best indicator for official job growth. We look for another solid US employment report on Friday with total payrolls above 200,000, see also our US Labour Market Monitor: Powering on from yesterday.
We will also keep an eye on the release of the euro area confidence data for March as the survey indicators for consumers, manufacturing and services have all been declining in recent months, possibly partly due to the negative spill-over from the financial turmoil to economic sentiment.
Preliminary HICP data for Germany in March are due at 14:00 CET.
Fed's Evans (dovish, voter) is speaking tonight. He is a known dove and will likely express a similar view to Yellen's.
Today at 9:00 CET we publish our quarterly Nordic Outlook including our new economic forecasts for the Nordic countries. Also Norwegian LFS unemployment data are due. For more see Scandi Markets.
To read the entire report Please click on the pdf File Below