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What to watch in the economic calendar this week
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Loading...1. U.S. ISM PMI surveys
The U.S. Institute of Supply Management is to release data on April manufacturing activity at 14:00GMT, or 10:00AM ET, on Monday. The gauge is expected to inch down 0.4 points to 51.4. Anything above 50.0 signals expansion.
2. Reserve Bank of Australia rate decision
The RBA's latest interest rate decision is due on Tuesday at 4:30GMT, or 12:30AM ET. Most economists expect no policy change, while some believe the central bank can surprise with a 25 basis point rate cut in an effort to boost inflation and spur economic activity.
3. U.S. nonfarm payrolls report
The U.S. Labor Department will release its April nonfarm payrolls report at 12:30GMT, or 8:30AM ET, on Friday.
The consensus forecast is that the data will show jobs growth of 200,000 last month, following an increase of 215,000 in March, the unemployment rate is forecast to hold steady at 5.0%, while average hourly earnings are expected to rise 0.3% after gaining 0.3% a month earlier.
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