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ON MONDAY
On the U.S. economic front, Chicago PMI figures are scheduled for release.
The President of business jet engine maker Pratt & Whitney Canada is expected to be asked questions on the U.S. and Canadian tariffs at a Montreal event.
In Latin America, Chile's manufacturing data for February is due.
REST OF THE WEEK
For the week ahead, a slew of U.S. economic data is scheduled for release. On Tuesday, the Institute for Supply Management (ISM) is scheduled to report the March manufacturing Purchasing Managers' Index $(PMI.UK)$, which likely fell to 49.5 from 50.3 in the month before. The S&P Global manufacturing PMI data for March is also due on the same day, while the S&P Global services and composite PMI data for March are due on Thursday. Separately, on Thursday, ISM's non-manufacturing PMI for March is projected to show a reading of 53.0, compared to a reading of 53.5 in February. The ADP National Employment Report, on Wednesday, is expected to show that private payrolls increased by 105,000 in March after rising 77,000 in the previous month. On the following day, data from the Labor Department is expected to show that initial jobless claims likely increased by 1,000 to 225,000 for the week ended March 29. Continued jobless claims data for the week ended March 22 is likely to show a rise to 1.862 million from 1.856 million a week before. Furthermore, on Friday, investors will also watch out for the nonfarm payrolls data. The March report is expected to show an increase of 140,000 jobs, following a gain of 151,000 in the previous month. Private payrolls are forecast to rise by 130,000 in March, and the unemployment rate is likely to remain steady at 4.1%. Meanwhile, on Wednesday, factory orders are expected to have risen 0.5% in February, after increasing 1.7% in the previous period. When the Commerce Department reports its trade balance data on Thursday, the country's trade deficit is expected to have contracted to $123.5 billion in February from $131.4 billion in January. Furthermore, on Tuesday, the Commerce Department is scheduled to report construction spending data, which likely rose 0.3% in February, following a decline of 0.2% in January.
A host of U.S. Federal Reserve policymakers are due to speak at different events throughout the week. On Friday, Federal Reserve Chair Jerome Powell will speak on the economic outlook before the Society for Advancing Business Editing and Writing (SABEW) Annual Conference in Arlington. On Wednesday, Federal Reserve Board Governor Adriana Kugler is scheduled to speak virtually on "Inflation Expectations and Monetary Policymaking" before the Griswold Center for Economic Policy Students and Julis-Rabinowitz Center for Public Policy and Finance 2025 Public Talk. The next day, Federal Reserve Vice Chair Philip Jefferson will speak on "U.S. Economic Outlook and Central Bank Communications" before the Conference on Financial Intermediaries, Markets, and Monetary Policy, hosted by the Federal Reserve Bank of Atlanta and the University of Virginia. On the same day, Federal Reserve Board Governor Lisa Cook is expected to speak on the economic outlook before the University of Pittsburgh 2025 McKay Lecture event in Pittsburgh. Also, on Friday, Federal Reserve Board Governor Michael Barr is set to speak on "Artificial Intelligence and Banking" before the Federal Reserve Bank of San Francisco, San Francisco State University, and the University of California Santa Cruz 2025 Fintech Conference. Additionally, on the same day, Federal Reserve Board Governor Christopher Waller will participate in a discussion on "Payments" before the 2025 New York Fed Innovation Conference.
Conagra Brands is expected to post a fall in third-quarter revenue on Thursday, hurt by slowing demand for its frozen meals and packaged food as customers turn to cheaper private-label brands. Investors will look out for comments regarding the impact of tariffs on Conagra's earnings, further slowdown in consumer demand and any price increases on its products.
On Thursday, Goldman Sachs' asset management arm, which manages $2.8 trillion, will do a media briefing to present its priorities and strategic vision for 2025.
Lamb Weston Holdings is expected to post a rise in third-quarter revenue on Thursday, helped by recovering demand for its frozen products. Investors will look for comments on demand, pricing actions, inventory levels, the impact of input costs and annual forecasts.
On the Canadian economic front, the country's S&P Global Manufacturing PMI for March will be on investors' radar on Tuesday. On Friday, Statistics Canada will release the employment data for March. The unemployment rate is likely to rise to 6.7%, up from 6.6% in February. Separately, trade balance figures for February are due on Thursday, which is forecast to show a surplus of C$3.40 billion.
Canadian discount store operator Dollarama is expected to post a rise in fourth-quarter revenue on Thursday, helped by steady demand for its affordable groceries and essentials. Investors will look for comments on demand, impact of input costs, tariffs as well as annual forecasts.
On the Latin American economic front, Brazil's and Mexico's S&P Global Manufacturing PMI figures for March are set for release on Tuesday. Additionally, Brazil's S&P Global services and composite PMI data for March are due on Thursday. Separately, the country's March IPC-Fipe inflation and IGP-DI Inflation data are due on Wednesday and Friday, respectively. Also, Chile's February economic activity data, as measured by the IMACEC index, is set to be released on Tuesday. Meanwhile, Brazil's February industrial output data is due on Wednesday, while March trade balance figures are set for release on Friday.
(Compiled by Shreya Sabharwal in Bengaluru; Edited by Vijay Kishore)
((Shreya.Sabharwal@thomsonreuters.com;))
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