4 Mar 2016
Key events ahead - Westpac
Analysts at Westpac noted the key events ahead.
Key Quotes:
"The calendar is otherwise quiet ahead of US Feb employment data. Nonfarm payrolls are expected at 195k following Jan’s dip to 151k. Both ISM manufacturing and non-manufacturing surveys however had shown that employment contracted in the month. The unemployment rate is expected to remain at 4.9%. Average hourly earnings are seen to rise 0.2% m/m, and remain at 2.5% y/y.
China’s National People’s Congress begins on Sat and will extend through next week. This will include an announcement of the 2016 GDP forecast (most likely on Sat, with 6.5-7% expected) and markets will be looking for any announcement of fiscal stimulus."
Key Quotes:
"The calendar is otherwise quiet ahead of US Feb employment data. Nonfarm payrolls are expected at 195k following Jan’s dip to 151k. Both ISM manufacturing and non-manufacturing surveys however had shown that employment contracted in the month. The unemployment rate is expected to remain at 4.9%. Average hourly earnings are seen to rise 0.2% m/m, and remain at 2.5% y/y.
China’s National People’s Congress begins on Sat and will extend through next week. This will include an announcement of the 2016 GDP forecast (most likely on Sat, with 6.5-7% expected) and markets will be looking for any announcement of fiscal stimulus."