As both March and the 1st quarter of 2021 draw to a close, the focus will shift from vaccine rollout numbers back to economic data and assessing just how well economies are adjusting to the post-pandemic environment.
From the US this week, non-farm payrolls will be the key datapoint with another positive number expected. 182,000 jobs are forecast to have been added to the economy in the month of March which follows on from a solid February which saw an almost 400K increase. Outside of this release, US ISM manufacturing and services data will also be closely watched.
In the UK, PMI data will be key this week. Also in focus will be a new memorandum of understanding which has been agreed with the EU in relation to financial services. This should provide clarity to the finance sector and could create a respectable boost to output as a result. The week ahead will be shortened with large parts of the world observing the Good Friday holiday.
8:25am, March 29th 2021
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