A strong PMI release out of China sparked a risk on move overnight sending Treasury prices lower and equity markets higher. The manufacturing data from the world’s second largest economy helped to assuage fears that the global economy is slowing. In the US, retail sales missed estimates coming declining by 0.2% in February rather than increase by 0.2%. Some of the edge of the miss was taken off by upward revisions in the January number, which moved up to 1.7% from 0.6%. Later this morning we will see the release of US manufacturing data, with both Markit US Manufacturing PMI and ISM Manufacturing on the docket.
Hafizan HamzahDirector, Investment Management Group
| Date | Event | Surv(M) | Actual | Prior | Revised |
| 04/01/19 | Retail Sales Advance MoM | 0.20% | -0.20% | 0.20% | 0.70% |
| 04/01/19 | Retail Sales Ex Auto MoM | 0.30% | -0.40% | 0.90% | 1.40% |
| 04/01/19 | Retail Sales Ex Auto and Gas | 0.30% | -0.60% | 1.20% | 1.70% |
| 04/01/19 | Retail Sales Control Group | 0.30% | -0.20% | 1.10% | 1.70% |
| 04/01/19 | Markit US Manufacturing PMI | 52.5 | — | 52.5 | — |
| 04/01/19 | ISM Manufacturing | 54.5 | — | 54.2 | — |
| 04/01/19 | ISM Employment | — | — | 52.3 | — |
| 04/01/19 | ISM Prices Paid | 52.5 | — | 49.4 | — |
| 04/01/19 | ISM New Orders | — | — | 55.5 | — |
| 04/01/19 | Construction Spending MoM | -0.20% | — | 1.30% | — |
| 04/01/19 | Business Inventories | 0.50% | — | 0.60% | — |
| 04/02/19 | Durable Goods Orders | -1.80% | — | 0.30% | — |
| 04/02/19 | Durables Ex Transportation | 0.10% | — | -0.20% | — |
| 04/02/19 | Cap Goods Orders Nondef Ex Air | 0.10% | — | 0.80% | — |
| 04/02/19 | Cap Goods Ship Nondef Ex Air | -0.10% | — | 0.80% | — |
| 04/02/19 | Wards Total Vehicle Sales | 16.80m | — | 16.56m | — |
| 04/03/19 | MBA Mortgage Applications | — | — | 8.90% | — |
| 04/03/19 | ADP Employment Change | 175k | — | 183k | — |
| 04/03/19 | Markit US Services PMI | 54.8 | — | 54.8 | — |
| 04/03/19 | Markit US Composite PMI | — | — | 54.3 | — |
| 04/03/19 | ISM Non-Manufacturing Index | 58 | — | 59.7 | — |
| 04/04/19 | Challenger Job Cuts YoY | — | — | 117.20% | — |
| 04/04/19 | Initial Jobless Claims | 216k | — | 211k | — |
| 04/04/19 | Continuing Claims | 1750k | — | 1756k | — |
| 04/04/19 | Bloomberg Consumer Comfort | — | — | 60 | — |
| 04/05/19 | Change in Nonfarm Payrolls | 175k | — | 20k | — |
| 04/05/19 | Two-Month Payroll Net Revision | — | — | — | — |
| 04/05/19 | Change in Private Payrolls | 175k | — | 25k | — |
| 04/05/19 | Change in Manufact. Payrolls | 10k | — | 4k | — |
| 04/05/19 | Unemployment Rate | 3.80% | — | 3.80% | — |
| 04/05/19 | Average Hourly Earnings MoM | 0.30% | — | 0.40% | — |
| 04/05/19 | Average Hourly Earnings YoY | 3.40% | — | 3.40% | — |
| 04/05/19 | Average Weekly Hours All Employees | 34.5 | — | 34.4 | — |
| 04/05/19 | Labor Force Participation Rate | — | — | 63.20% | — |
| 04/05/19 | Underemployment Rate | — | — | 7.30% | — |
| 04/05/19 | Consumer Credit | $17.000b | — | $17.049b | — |