In early April, ‘Market Sentment’ will be important, these major economic figures will be monitored
New Delhi:
The beginning of April will be important for the ‘Market Sentment’, as the release of major economic data will give information about global manufacturing, employment trends and economic activity. This information was given in a report released on Monday. The focus will be on the United States in early April, where S&P Global Manufacturing PMI will show the business sentiment and industrial output (industrial output). Auto companies will also release their figures for the month of March.
Bajaj Broking Research said in a note, “India’s S&P Global Manufacturing PMI will show ‘Domestic Manufacturing Trend’ on April 2, while TS ADP Non-Agricultural Employment Change Report ‘will present a pre-existing previous to private sector job growth before the official labor market data.”
On March 31, China’s ‘Chinese Composite PMI’ and ‘Manufacturing PMI’ for March will provide information about the country’s economic status, manufacturing activity and demand trends, which can affect global markets, especially commodity and industrial areas.
On 3 April, the ‘US Inquiy Jobless Claim’ report will be important about the strength of the labor market and the possible changes of the Federal Reserve Policy. The wealth will conclude on April 4 with US non-form payroll and unemployment rate data.
The note states that these figures will be important in assessing the flexibility and inflation pressure of the labor market. Indo-US tariff policy development on the market, an effective- 25 percent tariff on prepared vehicle imports by US President Donald Trump and the impact of US Fed Chair Powell will be seen.
Meanwhile, foreign investors continued their purchases last week. Between 24 and 28 March, foreign institutional investors (FIIs) invested Rs 17,426 crore, while domestic institutional investors (DIIs) invested Rs 6,797 crore in equity.
Currently all eyes are on the upcoming announcements made by the US about potential tariff sanctions and reduction in potential interest rates by RBI in their review meeting.