New Delhi, March 31
Early April will be critical for market sentiment, with key economic data releases providing insights into global manufacturing, employment trends and economic activity, a report showed on Monday.
As April begins, the focus will shift to the United States, with the S&P Global Manufacturing PMI reflecting business sentiment and industrial output.
Auto companies will also release their numbers for the month of March.
“On April 2, India’s S&P Global Manufacturing PMI will indicate domestic manufacturing trends, while the US ADP Non-farm Employment Change report will provide a preview of private-sector job growth ahead of the official labour market data,” said Bajaj Broking Research in a note.
On March 31, China’s Chinese Composite PMI and Manufacturing PMI for March will offer insights into the country’s economic health, manufacturing activity, and demand trends, which could influence global markets, particularly commodities and industrial sectors.
On April 3, the ‘US Initial Jobless Claims’ report will be closely watched as a leading indicator of labor market strength and potential Federal Reserve policy implications.
The week will culminate with the US Non-farm Payrolls and Unemployment Rate data on April 4.