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Economic Calendar -- WSJ

3 Apr 2017 6:32 am
By WSJ Staff 

The coming week will bring fresh insights into European and U.S. labor-market conditions and the U.K.'s service industry, as well as clues on the Federal Reserve's plans for interest rates.

MONDAY: The Bank of Japan's tankan corporate survey out Monday (Sunday evening in the U.S.) likely will show a sharp rise in sentiment during the January-to-March period, in a further sign of recovery in the world's third-largest economy. Economists think the main index for large manufacturers' sentiment will likely come to plus-15, the highest in seven quarters and up from plus-10 in the final three months of 2016.

The eurozone's jobless rate resumed its long decline in February, figures to be released by the European Union's statistics agency are expected to show. The four-year-long drop in unemployment stalled in January at 9.6%, but economists predict a decline to 9.5% in February as the currency area's modest recovery continues. That will leave the jobless rate at roughly double its U.S. equivalent, which is one reason economists don't expect to soon see the pickup in wages identified by the European Central Bank as essential for meeting its inflation target.

TUESDAY: Statistics Canada releases Canadian merchandise trade data for February, and expectations are for the country to record a fourth straight monthly trade surplus -- marking the best streak since the oil-price collapse in mid-2014. The outlook for trade in Canada has become murky due to potential North American Free Trade Agreement changes under U.S. President Donald Trump.

WEDNESDAY: An IHS Markit survey of purchasing managers in the U.K. service industry will be parsed for clues about the state of this key economic engine as the country begins exit negotiations with the European Union. Economists forecast that the industry's growth picked up slightly in March, with the headline figure rising to 54.0 from 53.3 the prior month.

The Federal Reserve will release minutes from its March 14-15 policy meeting, which ended with the U.S. central bank voting to raise short-term interest rates for the third time since the financial crisis. The minutes will offer insight into that decision and could clarify when the Fed might move rates higher again. Fed watchers also will monitor the minutes for details about when and how the central bank might start to shrink its large balance sheet.

FRIDAY: The U.S. Labor Department releases its jobs report for March. Economists will watch for any sign of flagging momentum after two strong months of hiring that appear to have been boosted, in part, by unusually warm winter weather. Any further decline in the unemployment rate, combined with more pickup in wage growth, would point to a tightening labor market and could prompt Fed officials to consider a more rapid pace of rate increases to contain potential inflation.
 

(END) Dow Jones Newswires

April 03, 2017 02:32 ET (06:32 GMT)

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