U.S. Jobs, Nuclear Summit, Yellen: Week Ahead March 26-April 2

  • Chinese banks release earnings; Bloomberg hosts India forum
  • Alaska, Hawaii, Washington state Democrats cast votes

U.S. employers probably added about 200,000 workers in March and the jobless rate stayed at an eight-year low of 4.9 percent, based on estimates ahead of reports due in the coming week. Follow the TOPLive blog for real-time coverage here.

The Nuclear Security Summit brings world leaders from more than 50 nations to Washington to discuss safeguards against terrorism.

Federal Reserve Chair Janet Yellen speaks at an event in New York.

Democrats in Alaska, Hawaii and Washington state hold presidential nominating contests.

The Czech Republic, Israel and Romania are among countries setting monetary policy.

Major Chinese banks and airlines and Paychex Inc. release earnings.

Saturday, March 26

-Democrats in Alaska and Washington state vote in presidential caucuses, and in Hawaii they hold a presidential preference poll. Hillary Clinton leads Bernie Sanders in the race for the nomination.

-Two of the Final Four teams will be selected in the U.S. National Collegiate Athletic Association men’s basketball tournament. The NCAA holds finals in the South and West regions.

-The Miami Open Masters tennis continues. Through April 3.

Sunday, March 27

-European clocks move forward by one hour.

-NCAA basketball tournament finals are held for the East and Midwest regions.

-The World Golf Championship Dell Match Play tournament concludes in Austin, Texas, with a purse of $9.5 million. Players include top seed Jordan Spieth and Rory McIlroy.

Monday, March 28

-Markets across Europe are closed as part of the Easter holiday.

-Indian Prime Minister Narendra Modi will discuss the economy at the Bloomberg India Economic Forum 2016 in New Delhi. 18:15 local time (08:45 EDT).

-Personal spending and incomes in the U.S. probably rose at a slower pace in February, raising concern that American consumers are providing less of a boost to economic growth. The Commerce Department will issue the figures at 08:30 in Washington.

-Cleco Corp.’s $3.4 billion takeover by a Macquarie Group Ltd.-led investor group may get a final decision from the Louisiana Public Service Commission, which rejected the deal on Feb. 24. Meeting set for 13:00 in Baton Rouge (14:00 EDT).

-Chinese President Xi Jinping visits the Czech Republic, the first by a head of state since ties were established with Czechoslovakia 67 years ago. March 28-30.

-U.S. government bond auctions, Fed debt purchases. Click here for the schedule.

-U.S. initial public stock offerings. Click here for the schedule.

-CENTRAL BANKS: Chile quarterly report, Israel rate decision.

-ECONOMY: U.S. advanced goods trade deficit (Feb.), U.S. pending home sales (Feb.), Dallas Fed manufacturing index (March), Israel unemployment rate (Feb.).

Tuesday, March 29

-U.S. Federal Reserve Chair Janet Yellen speaks at an event hosted by the Economic Club of New York. Afterward, she will respond to questions from economist Alan Blinder and Columbia Business School Dean Glenn Hubbard. 11:30 in New York.

-U.S. Federal Reserve Bank of San Francisco President John Williams delivers a speech to the National University of Singapore entitled “Steering the U.S. Economy Through Turbulent Seas.” 17:15 in Singapore. (05:15 EDT).

-The Bank of England’s Financial Policy Committee publishes a statement from its March 23 meeting. Housing risks, bank capital and “Brexit” may have been among the topics discussed by the panel. 09:30 in London (04:30 EDT).

-The Energy Thought Summit is held in Austin, Texas. Headliners include executives from Alphabet Inc. and Exelon Corp. Program begins at 07:00 (08:00 EDT). Through March 31.

-Italian Prime Minister Matteo Renzi begins a four-day visit to the U.S., stopping in Nevada, Chicago, Harvard University and Washington, where he will attend the Nuclear Security Summit. Timing to be determined.

-Turkish President Recep Tayyip Erdogan begins a five-day trip to U.S. where he will attend the Nuclear Security Summit in Washington. Timing to be determined.

-ECONOMY: Brazil budget deficit, U.S. S&P/Case-Shiller 20-city home-price index (Jan.), U.S. consumer confidence (March), Brazil total outstanding loans (Feb.), Japan household spending (Feb.), Japan unemployment (Feb.), Japan retail trade (Feb.), South Africa M3 money supply (Feb.), Hungary unemployment rate (Feb.), Turkey foreign tourist arrivals (Feb.).

-EARNINGS: McCormick & Co., Bank of Communications Co.

Wednesday, March 30

-Lynn Patterson, deputy governor of the Bank of Canada, speaks at the Edmonton Chamber of Commerce in Edmonton, Alberta, at 12:35 local time. (14:35 EDT). Her remarks will be published on the bank’s website at 12:40.

-National Bank Financial Inc. hosts its annual Canadian Financial Services Conference in Montreal. Executives from Canada’s “Big Six” banks will focus on credit losses from the energy slump. Through March 31.

-Argentina’s Senate debates a debt bill to repeal legislation and issue $12 billion of bonds to pay holdout creditors from the nation’s 2001 default. Timing to be determined.

-European Union President Donald Tusk holds a summit with Indian leaders. 16:30 CET in Brussels (10:30 EDT).

-Bank of Korea Governor Lee Ju Yeol speaks to the media at the end of his second year in office. 12:00 in Seoul. (03/29 23:00 EDT).

-The U.S. Energy Information Administration releases its oil inventory report. 10:30 in Washington.

-ECONOMY: U.S. MBA mortgage applications (weekly), U.S. ADP private employment (March), Brazil IGP-M inflation (March), Brazil primary budget balance (Feb.), Mexico unemployment rate (Feb.), Argentina GDP (3Q & 4Q), Japan industrial production (Feb.), South Africa budget balance (Feb.), euro-area economic confidence (March), Germany inflation (March), Russian CPI (weekly), Bloomberg Turkey economic survey (March).

-EARNINGS: Paychex Inc., Micron Technology Inc., Industrial & Commercial Bank of China Ltd., China Construction Bank Corp., Bank of China Ltd., China Cosco Holdings Co., China Eastern Airlines Corp., Air China Ltd., China Southern Airlines Co.

Thursday, March 31

-U.S. President Barack Obama and the U.S. State Department host the 2016 Nuclear Security Summit to discuss nuclear terrorism. Obama and Chinese President Xi Jinping will meet on the sidelines. Through April 1 in Washington.

-Italian Prime Minister Matteo Renzi speaks at Harvard University’s Center for European Studies. 11:15 Cambridge, Massachusetts.

-Vitor Gaspar, International Monetary Fund director of fiscal affairs, delivers a presentation on “Fiscal Policy, Innovation and Productivity Growth.” 12:15 in Washington.

-U.S. Securities and Exchange Commission Chair Mary Jo White addresses a Stanford University Rock Center for Corporate Governance event entitled “The Silicon Valley Initiative: Protecting Investments in Pre-IPO Issuers.” 17:45 local time in Stanford, California, (20:45 EDT).

-U.S. Federal Reserve Bank of President Chicago Charles Evans is interviewed by Kathleen Hays on Bloomberg Radio. Timing to be determined, likely 15:00 EDT in New York.

-Indian Finance Minister Arun Jaitley will deliver a speech in Canberra, Australia, on the need to reduce poverty and create job opportunities. 17:30 (02:30 EDT).

-The British Polling Council issues its final report on why opinion polls failed to predict the Conservative majority victory in last year’s U.K. general election. Timing to be determined.

-The $6.8 million Houston Open, golf’s last qualifying event before the Masters Tournament, begins. Through April 3. Tee times and pairings to be determined.

-The U.S. Energy Information Administration releases its weekly natural gas inventory report. 10:30 EDT in Washington.

-Bloomberg Survey of Analysts’ expectations on U.S. natural gas prices is published about 12:00 EDT.

-CENTRAL BANKS: Rate decisions for Czech Republic, Romania.

-ECONOMY: U.S. jobless claims (weekly), U.S. Bloomberg consumer comfort (weekly), U.S. ISM Milwaukee manufacturing (March), U.S. MNI Chicago manufacturing index (March), Chile unemployment rate (Feb.), South Korea BSI survey (April), South Korea industrial output (Feb.), South Africa trade balance (Feb.), Kenya CPI (March), euro-area inflation (March), Germany unemployment (March), U.K. mortgage approvals (Feb.), U.K. GDP (4Q), U.K. current-account balance (4Q), Czech GDP (4Q), Turkey GDP (4Q), Turkey trade balance (Feb.), Egypt GDP (4Q).

-EARNINGS: Agricultural Bank of China Ltd.

Friday, April 1

-Employers in the U.S. probably added around 200,000 jobs in March and the jobless rate held at an eight-year low of 4.9 percent, indicating a labor market in good health. The Labor Department will issue the figures at 08:30 in Washington. 08:30 EDT.

-U.S. manufacturing probably improved in March, showing the worst may be over for producers. The Institute for Supply Management’s index is projected to rise past 50, indicating factories expanded for the first time since August.

-U.S. Federal Reserve Bank of Cleveland President Loretta Mester speaks on the economic outlook and the Fed’s monetary policy to the New York Association for Business Economics. 12:00 at the Harvard Club in New York.

-China’s official manufacturing PMI for March is forecast to improve, although it may hold below the threshold indicating expansion. 09:00 in Beijing (March 31 21:00 EDT).

-The U.S. Commodity Futures Trading Commission issues its weekly report on futures and options positions for oil. 15:30 EDT in Washington.

-The Baker Hughes U.S. oil-and-gas weekly rig count is released. 12:00 in Houston. (13:00 EDT).

-CENTRAL BANKS: Mexico meeting minutes, Colombia meeting minutes, Bank of Japan’s Tankan corporate survey.

-ECONOMY: U.S. construction spending (Feb.), U.S. Michigan consumer sentiment (March final), U.S. auto sales (March), Brazil industrial production (Feb.), South Korea current account (Feb.), South Korea CPI (March), Caixin China manufacturing PMI (March), South Africa manufacturing PMI (March), euro-area manufacturing PMI (March), euro-area unemployment (Feb.), U.K. manufacturing PMI (March), U.K. nationwide house prices (March), Turkey manufacturing PMI (March).

-SOVEREIGN RATING UPDATES: Albania (Moody’s), Georgia (Fitch), Germany (Fitch), Malta (DBRS), Macedonia (S&P), Spain (S&P).

Saturday, April 2

-The two semifinals game involving the “Final Four” teams in the National Collegiate Athletic Association men’s basketball tournament are played in Houston. The championship game is April 4. Click here for tournament coverage.

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