US: Consumer sentiment and jobless claims in focus - TDS

Analysts at TDS explain that in the US, University of Michigan Consumer Sentiment for April will be released a day earlier than usual on account of Good Friday.

Key Quotes

“Markets look for the index to drift lower to 96.3 from 96.9, which would leave it near recent highs, though we will also be watching inflation expectations for any improvement after they stabilized in the second March print.”

“Initial jobless claims are also on the calendar and are coming off a 5-week low of 234k. Markets expect claims to drift high to 245k, consistent with a low-slack labor market.”

“Producer prices for March are the only other data release and markets do not expect any change, though core producer prices are expected to rise by 0.2% m/m.”