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Macroeconomic calendar

Daria Bulanova, Analyst, Global Markets (Finam)

A modest flow of economic data is expected for release on Monday, April 2.

February retail sales out of Switzerland will be announced at 7.15 GMT. On average, the market expects the pace of sales to slow down from 4.4% the prior month to 2%, and this could put pressure on the Swiss franc.

A little later, manufacturing PMI for March will come out in a number of European countries. Switzerland’s Manufacturing PMI Index is due out at 7.30 GMT, France’s at 7.48 GMT, Germany will announce its Manufacturing PMI at 7.53 GMT, the Eurozone’s indicator will be made public at 7.58 GMT and the UK will report its metric at 8.28 GMT.

Euro investors are advised to keep an eye on the Eurozone’s February unemployment rate at 9.00 GMT. For the record, unemployment reached a record 10.7% in January and analysts, on average, expect the indicator to grow to 10.8%. If the forecasts hit the mark, this could drag the euro down. Dollar investors are advised to keep an eye on the US ISM Manufacturing Index, due out at 14.00 GMT in the United States, for March. On average, the market expects the index to rise from 52.4 to 53.5, and this could prop up the greenback.

A speech by Saint Louis Fed president James Bullard will begin at 14.00 GMT.

Cleveland Fed president Sandra Pianalto will deliver a speech at 16.35 GMT.