Japan’s quarterly Tankan survey will open the week amid expectations for slowing at large manufacturers. Slowing is expected for US nonfarm payroll growth on Friday to a still strong 200,000 in March from 275,000 in February; wage pressures are also seen slowing but still overheated. Likewise, slowing is expected for Canadian employment on Friday to a very solid 25,000 from February’s 40,700.
Inflation data from Europe will be Tuesday’s and Wednesday’s focus, first from German where some cooling is expected for March then from the Eurozone as a whole where only marginal cooling is the call, to 2.5 from 2.6 percent overall and to 3.0 from 3.1 percent for the narrow core.
Policy news will include the Bank of Canada’s business outlook survey on Monday and minutes from the Reserve Bank of Australia on Tuesday