Market news

Canada’s building permits increase 2.1 percent in February

U.S. construction spending declines less than forecast in February

U.S. manufacturing activity expands more than expected in March - ISM

U.S.: Construction Spending, m/m, February -0.8% (forecast -1%)

U.S.: ISM Manufacturing, March 64.7 (forecast 61.3)

U.S. manufacturing activity grows slightly more than initially estimated in March - HIS Markit

U.S.: Manufacturing PMI, March 59.1 (forecast 59)

U.S. Stocks open: Dow +0.35%, Nasdaq +1.31%, S&P +0.69%

Before the bell: S&P futures +0.41%, NASDAQ futures +1.09%

Wall Street. Stocks before the bell

S&P 500 Index: Move above 4000 to open the door to the 4070/75 area - Credit Suisse

Initiations before the market open

Downgrades before the market open

Company News: Micron Technology (MU) quarterly earnings beat analysts’ forecast

U.S. weekly jobless claims total 719,000

U.S.: Initial Jobless Claims, March 719 (forecast 680)

U.S.: Continuing Jobless Claims, March 3794 (forecast 3775)

Canada: Building Permits (MoM) , February 2.1% (forecast -1.4%)

European session review: EUR appreciates after strong Eurozone factory PMI data

Cash is still king and will always be around - Deutsche Bank

Steepening U.S. real yield curve to drag down gold to $1600 - Capital Economics

AUD/USD set to plunge as far as the 200-DMA at 0.7389 - Westpac

NZD/USD ticks down to test the 200-DMA at 0.6883 - Credit Suisse

ECB's Governing Council member Weidmann: Measures of financing costs for households, businesses may not yet fully reflect changes in bond yields

Impact of Fed policy changes on China's markets is limited: PBOC official

GBP/USD to head lower for a test of the 1.35 level – Westpac

French new passenger car registrations jump in March

US Dollar Index is ready to meet the 94.50 target – Westpac

UK manufacturing PMI rose to a ten-year high in March

United Kingdom: Purchasing Manager Index Manufacturing , March 58.9 (forecast 57.9)

Eurozone manufacturing sector expands at survey record rate in March

Eurozone: Manufacturing PMI, March 62.5 (forecast 62.4)

Germany: Manufacturing PMI, March 66.6 (forecast 66.6)

France: Manufacturing PMI, March 59.3 (forecast 58.8)

Switzerland: Manufacturing PMI, March 66.3 (forecast 64.5)

Asian session review: the US dollar has stabilized against major currencies

WTI set to test the recent $65 highs – TDS

Swiss consumer prices increased by 0.3% in March

Switzerland: Retail Sales Y/Y, February -6.3%

Switzerland: Consumer Price Index (MoM) , March 0.3% (forecast 0.4%)

Switzerland: Consumer Price Index (YoY), March -0.2% (forecast -0.3%)

Options levels on thursday, April 1, 2021

German retail sales rose less than expected in February

President Biden unveils his $2 trillion infrastructure plan

Germany: Retail sales, real unadjusted, y/y, February -9% (forecast -6.3%)

Germany: Retail sales, real adjusted , February 1.2% (forecast 2%)

Commodities. Daily history for Wednesday, March 31, 2021

China: Markit/Caixin Manufacturing PMI, March 50.6 (forecast 51.3)

Australia: Retail Sales, M/M, February -0.8% (forecast -1.1%)

Australia: Home Loans , February -1.8%

Australia: Trade Balance , February 7.529

Japan: Manufacturing PMI, March 52.7

Schedule for today, Thursday, April 1, 2021

Currencies. Daily history for Wednesday, March 31, 2021

Japan: BoJ Tankan. Non-Manufacturing Index, Quarter I -1 (forecast -5)

Japan: BoJ Tankan. Manufacturing Index, Quarter I 5

Australia: AIG Manufacturing Index, March 59.9

Schedule for tomorrow, Thursday, April 1, 2021

DJIA +0.04% 33,080.87 +13.91 Nasdaq +1.91% 13,294.59 +249.20 S&P +0.74% 3,987.96 +29.41

European stocks closed: FTSE 100 6,713.63 -58.49 -0.86% DAX 15,008.34 -0.27 0.00% CAC 40 6,067.23 -20.81 -0.34%