Key US data for the week ahead - Nomura

Besides the FOMC minutes this week and nonfarm payrolls at the end of the week, we have two key events to monitor on Wednesday as analysts at Nomura noted.

• Nonfarm payrolls: increased by 175k in March? - Nomura
• FOMC Speak: March 14-15th FOMC minutes come this week - Nomura

Key Quotes:

"ADP employment report (Wednesday): In line with our forecast for BLS private payrolls, we expect ADP private employment to have gained an additional 170k jobs in March. 

• ISM non-manufacturing (Wednesday): The headline ISM non-manufacturing index improved further to 57.6 in February from 56.5 in January. The latest survey-based measures of business activity suggest elevated optimism likely continued in March. Moreover, the retail and services-providing sector payrolls increased at a steady pace. However, retail sales in February increased only moderately, which may have damped some of the optimism. Therefore, we expect the ISM non-manufacturing index to edge lower but remain elevated at 57.0."