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01:00 China Manufacturing PMI March 50.2 50.1 50.3
01:30 Japan Labor Cash Earnings, YoY February -0.2% -0.1% 0.0%
01:45 China HSBC Manufacturing PMI (Finally) March 48.5 48.5 48.0
03:30 Australia Announcement of the RBA decision on the discount rate 2.50% 2.50% 2.50%
03:30 Australia RBA Rate Statement
05:30 Australia Commodity Prices, Y/Y March -12.1% -12.8%
07:30 Switzerland Manufacturing PMI March 57.6 56.7 54.4
07:48 France Manufacturing PMI (Finally) March 51.9 51.9 52.1
07:53 Germany Manufacturing PMI (Finally) March 53.8 53.8 53.7
07:55 Germany Unemployment Change March -14 -9 -12
07:55 Germany Unemployment Rate s.a. March 6.7% Revised From 6.8% 6.8% 6.7%
07:58 Eurozone Manufacturing PMI (Finally) March 53.0 53.0 53.0
08:30 United Kingdom Purchasing Manager Index Manufacturing March 56.9 56.7 55.3
09:00 Eurozone ECOFIN Meetings
09:00 Eurozone Eurogroup Meetings
09:00 Eurozone ECB President Mario Draghi Speaks
09:00 Eurozone Unemployment Rate February 11.9% 12.0% 11.9%
The euro rose against the dollar, which was associated with the release of data on PMI. Note that the PMI indices surpassed forecasts in Spain, Italy and France, confirmed the forecast of the eurozone as a whole, and not short of expectations in Germany. As it became known , the growth in the manufacturing sector slowed in the euro zone last month , and confirmed the experts' forecasts , and initial estimates . According to the final index of business activity in the manufacturing sector amounted to 53.0 points in March , which corresponds to the preliminary estimate, but below the February index at 53.2 points .
We also add that the expansion in the manufacturing sector slowed in Germany last month , which was due to weaker growth in new orders and export orders in Europe's largest economy . According to the report, the purchasing managers' index for the German manufacturing sector , which accounts for about a fifth of the economy, fell to 53.7 in March from 54.8 in February , compared with a preliminary estimate at 53.8 points . Final reading , however , was significantly above the 50- point mark that separates growth from contraction for nine consecutive months.
Were positive and data on unemployment in Germany and the euro area. Report from the Ministry of Labor in Germany showed that the unemployment rate in March fell more than expected , underscoring the continuing improvement in Europe's largest economy . Seasonally adjusted , the number of unemployed fell by 12,000 in March , beating the forecasts of experts at -9000 people. The unemployment rate was 6.7% , unchanged compared with February , the figure for which was revised down from 6.8% . Add that this is the fourth consecutive month to reduce unemployment .
Meanwhile , unemployment in the euro area declined slightly in February , but with the downward revision from the previous month to reach 11.9 percent from 12.0 percent, unchanged. This result was pleasantly surprised many experts , as their unemployment rate was forecast to reach 12.0 percent . In February, the euro zone was recorded 18,970 million unemployed , which was at 35 thousand less than in the previous month .
Pound fell against the dollar amid weak data on activity in the manufacturing sector. Note that the increase in activity in the British manufacturing sector slowed sharply in March , while showing the slowest pace in eight months , which was associated with a drop in purchase prices . According to the index of manufacturing activity fell in March to 55.3 points , its lowest value since last July , and was below economists' forecasts at 56.7 points . We also add that the February figure was revised down to 56.2 points from 56.9 points . It was the fourth consecutive month in which the index fell, although it remained significantly above 50 , which indicates growth. In Markit said that the slowdown in the sector was mainly concentrated among companies that make the machines and equipment . Meanwhile, we add that although there were signs of growth of business investment in recent years , the sub- index for new export orders fell to the lowest level since May 2013 , and some companies reported fewer orders from the Asia- Pacific region.
EUR / USD: during the European session, the pair rose to $ 1.3801
GBP / USD: during the European session, the pair fell to $ 1.6635
USD / JPY: during the European session, the pair rose to Y103.42
At 12:30 GMT in Canada will be represented by the price index for raw materials in February and the PMI index for the manufacturing of RBC in March . At 14:00 GMT the U.S. ISM manufacturing index will be released in March . At 20:30 GMT the U.S. will report on changes in the volume of crude oil , according to the API. At 23:50 GMT , Japan will announce to the change in the monetary base in March .
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