Being a full first week of the month means the typical early month economic data deluge. That includes the various global PMI’s Monday and Wednesday. Note that each of those will be one day later for the UK that is out on Monday for its annual Early Spring Bank Holiday.
Payroll gains were ahead of expectations for March as employers added 215,000 employees. Ahead of the report market forecasters surveyed by Bloomberg estimated a monthly gain of 205,000. The unemployment rate advanced by one-tenth to 5.0% as more people were drawn to the labor force.
U.S. stocks edged up on Monday as expectations the Federal Reserve will push any interest rate increases further into the year offset concerns over faltering economic growth spurred by a surprisingly weak jobs report on Friday.