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WEEKLY REVIEW: next Fed’s interest rate hike ahead?

01 April 2016 Konstantin Meinhardt

The main event of this week was the release of the U.S. labour market data for March on Friday. The data was mixed but showed that the U.S. labour market continued to improve. Wage growth was better than expected in March. That could add to the inflation pressure.

The U.S. manufacturing sector seems to recover, according to Markit Economics' and the Institute for Supply Management's manufacturing purchasing managers' indexes.

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Market focus

  • Eurozone PMI falls in March as manufacturing downturn deepens
  • Germany output growth at near six-year low as manufacturing downturn deepens
  • Chinese Premier Li stresses implementation of larger-scale tax cuts
  • Euro area current account surplus increased in January compared with December.

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