What will drive the markets this week?

Analytics, 29 March 2021

What will drive the markets this week?

U.S. stocks closed higher on Friday, booking weekly gains even as investors remained concerned about rising bond yields and global economic recovery.

This week investors will be looking at the possible expiration of the CDC’s eviction moratorium, the Conference Board Consumer Confidence Index, and March unemployment numbers, and their possible impact on the markets.

Friday’s March jobs report will be the most closely watched and as it is expected to be the first this year to show meaningful progress in the job market recovery, amid ramped-up vaccinations and the start of the latest stimulus check rollout – all of which have helped boost consumer spending and hiring.

Events that will drive the market this week

Monday, March 29:

Market Holiday in India for Holi.
Japanese Retail Sales (February).

Tuesday, March 30:

U.S. S&P/CS Home Price Index Composite - 20 Not Seasonally Adjusted (January).
U.S. Conference Board Consumer Confidence Index (March).
Chinese Manufacturing Purchasing Managers’ Index (PMI) (March).
Chinese Non-Manufacturing PMI (March).
Japanese Industrial Production (February).

Wednesday, March 31:

Markets Close Early in Norway for Easter, at 1 p.m. Central European Time.
Last Day of CDC Eviction Moratorium if it Is Not Extended.
U.K. Gross Domestic Product (GDP) (Q4).
U.K. Current Account (Q4).
French Consumer Spending (February).
German Unemployment Rate (March).
ADP Nonfarm Employment Change (March).
U.S. Pending Home Sales (February).
Japanese Tankan Large Manufacturers Index (Q1).
Chinese Caixin Manufacturing PMI (March)

Thursday, April 1:

Markets Closed in Norway and Mexico for Maundy Thursday.
German Retail Sales (February).
German Manufacturing PMI (March).
French Manufacturing PMI (March).
Italian Manufacturing PMI (March).
Eurozone Manufacturing PMI (March).
U.K. Manufacturing PMI (March).
Brazilian Industrial Production (February).
U.S. ISM Manufacturing PMI (March).
Organization of Petroleum Exporting Countries (OPEC) Meeting.

Friday, April 2:

Market Holiday in the Following Countries for Good Friday: United States, United Kingdom, Germany, Switzerland, Italy, Norway, France, Spain, Australia, Singapore, Brazil, South Africa, India, Canada, Mexico, and New Zealand. Chinese Markets in Hong Kong Are Also Closed.
U.S. Nonfarm Payrolls (March).
U.S. Labor Force Participation Rate (March).
U.S. Unemployment Rate (March).

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