7 Apr 2014
Momentum driven by NFP hangover, German industrial production bullish
FXStreet (London) - We have a quiet session on the cards today with a post-non-farm-payrolls hangover. Markets remain depressed following the weaker-than-expected labour market data on Friday, with equities and other risk assets all coming under pressure overnight.
Positive Aussie job indicators
ANZ Job ads for March rose by 1.4 per cent, after a 4.7 per cent increase in February, indicating that demand in the Australian labour market continues to strengthen. There has been solid growth in construction, education and health with solid growth all states and territories except for South Australia, which saw a decline.
German industrial production remains bullish
Data released by the German Federal Statistics Office showed that German industrial production rose further than expected in February. Seasonally-adjusted production gained 0.4 percent month-on-month, with January’s production upward-revised to 0.7 percent. The latest numbers beat consensus expectations of 0.3 percent, and continues a strong run of German industrial data.
There is no top-tier US data on the calendar today. Philadelphia Fed president Charles Plosser is set to speak at 19:45 GMT.
Canadian outlook broadly positive
The Bank of Canada’s Business Outlook Survey is expected to be broadly upbeat, though the future sales component is expected to show a weakening from the fourth quarter of 2013.
Positive Aussie job indicators
ANZ Job ads for March rose by 1.4 per cent, after a 4.7 per cent increase in February, indicating that demand in the Australian labour market continues to strengthen. There has been solid growth in construction, education and health with solid growth all states and territories except for South Australia, which saw a decline.
German industrial production remains bullish
Data released by the German Federal Statistics Office showed that German industrial production rose further than expected in February. Seasonally-adjusted production gained 0.4 percent month-on-month, with January’s production upward-revised to 0.7 percent. The latest numbers beat consensus expectations of 0.3 percent, and continues a strong run of German industrial data.
There is no top-tier US data on the calendar today. Philadelphia Fed president Charles Plosser is set to speak at 19:45 GMT.
Canadian outlook broadly positive
The Bank of Canada’s Business Outlook Survey is expected to be broadly upbeat, though the future sales component is expected to show a weakening from the fourth quarter of 2013.