In the US session Factory Orders data was published. New orders for manufactured goods in February, down three of the last four months, decreased $8.0 billion or 1.7% to $454.0 billion, the U.S. Census Bureau reported today. This followed a 1.2% January increase. Shipments, down ten of the last eleven months, decreased $3.4 billion or 0.7% to $462.8 billion. This followed a 0.2% January decrease. Unfilled orders, down two of the last three months, decreased $4.1 billion or 0.3% to $1,184.0 billion. This followed a 0.1% January increase.
Monday will bring UK Services PMI figures. Analysts are predicting incline to 53.9. In the US session Trade Balance, Non-Manufacturing PMI and JOLTS Job Openings figures will be published. Trade Balance deficit is expected to widen to $46.3 billion, while Non-Manufacturing PMI should increase to 54.1. JOLTS Job Openings are forecasted to rise to 5.57 million.
Figures to watch:
Services PMI (Tuesday 10:30)
Trade Balance (Tuesday 14:30)
ISM Non-Manufacturing PMI (Tuesday 16:00)
JOLTS Job Openings (Tuesday 16:00)
