fbpx

PU Prime App

Exclusive deals on mobile

  • Market Insights  >  Weekly Outlook

29 March 2024,07:12

Weekly Outlook

Market Welcomes Easter, Will Data Egg-cites Next Week?

29 March 2024, 07:12

Share on:
FacebookLinkedInTwitterShare
Share on:
FacebookLinkedInTwitterShare

Monday, 1st April 2024, 16:00 – ISM Manufacturing PMI (Mar)

In February, economic activity within the U.S. manufacturing sector continued its contraction for the 16th consecutive month in February with the data stood 47.8 against 49.1 recorded in January, according to the Institute for Supply Management (ISM). The contraction was due to slowing demand and easing output. However, while the manufacturing sector is expected to remain in contraction in the first quarter due to customer order changes, it is moving closer to expansion and business is projected to be strong for the rest of 2024. The market expects that the data will improve for March and slowly rebound for the rest of the year.

Wednesday, 3 April 2024, 14:15 – ADP Nonfarm Employment Change (Mar)

ADP, a payroll processing firm, reported on Wednesday that private sector job growth in February showed improvement with companies adding 140,000 positions for the month accompanied by a 5.1% increase in annual pay rise, although it fell slightly short of expectations of 149,000 increase. ADP chief economist stated that the jobs gains remain solid, and the labor market is dynamic. With employment growth remaining steady, the upcoming data is expected to remain robust and improved from previous reading.

Wednesday, 3 April 2024, 16:00 – ISM Services PMI(Mar)

The U.S. services industry growth slowed a bit in February with the data came in at 51.7 during its preliminary release, against analyst expectation of 52.0. The decrease was primarily caused by a reduction in employment, yet the gauge for new orders rose to its highest level in six months, indicating inherent resilience in the sector. Service providers have expressed greater positivity regarding the future, with retailers saying business is good and confidence hitting its highest level in 22 months during March. It is anticipated that the data will continue to show expansion, even if the rate of growth slows slightly.

Friday,5 April 2024, 14:30 – U.S Nonfarm Payrolls(Mar)

In February, the Bureau of Labor Statistics reported a nonfarm payroll increase of 275,000, exceeding economists’ expectations of 198,000. Job growth was predominantly seen in the services sector, particularly in healthcare, hospitality, and the public sector. Economists predict ongoing strength in the labor market, although this report likely won’t alter the Federal Reserve’s outlook, as Fed Chair Jerome Powell previously characterized the job market as relatively tight. Investors are now bracing for potential signs of inflation from the upcoming data.

Inizia a Fare Trading con un Vantaggio

Scambia forex, indici, Metalli e altro ancora a spread bassi e con un'esecuzione fulminea.

  • Inizia a fare trading con depositi a partire da $50 sui nostri conti standard.
  • Ottieni accesso all’assistenza 24/7
  • Accedi a centinaia di strumenti, a strumenti didattici gratuiti e ad alcune delle migliori promozioni in circolazione.
Iscriviti Ora

Latest Posts

Apertura del conto semplice e veloce

Apri Conto Reale
  • 1

    Registrati

    Registrati per un Conto Reale PU Prime con la nostra semplice procedura.

  • 2

    Finanzia

    Finanzia senza fatica il tuo conto con un'ampia gamma di canali e valute accettate.

  • 3

    Inizia a Fare Trading

    Accedi a centinaia di strumenti a condizioni di trading leader del mercato.

Please note the Website is intended for individuals residing in jurisdictions where accessing the Website is permitted by law.

Please note that PU Prime and its affiliated entities are neither established nor operating in your home jurisdiction.

By clicking the "Acknowledge" button, you confirm that you are entering this website solely based on your initiative and not as a result of any specific marketing outreach. You wish to obtain information from this website which is provided on reverse solicitation in accordance with the laws of your home jurisdiction.

Thank You for Your Acknowledgement!

Ten en cuenta que el sitio web está destinado a personas que residen en jurisdicciones donde el acceso al sitio web está permitido por la ley.

Ten en cuenta que PU Prime y sus entidades afiliadas no están establecidas ni operan en tu jurisdicción de origen.

Al hacer clic en el botón "Aceptar", confirmas que estás ingresando a este sitio web por tu propia iniciativa y no como resultado de ningún esfuerzo de marketing específico. Deseas obtener información de este sitio web que se proporciona mediante solicitud inversa de acuerdo con las leyes de tu jurisdicción de origen.

Thank You for Your Acknowledgement!