In the US session Unemployment Claims data was published. In the week ending March 3, the advance figure for seasonally adjusted initial claims was 231,000, an increase of 21,000 from the previous week's unrevised level of 210,000. The 4-week moving average was 222,500, an increase of 2,000 from the previous week's unrevised average of 220,500. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The advance seasonally adjusted insured unemployment rate was 1.3 percent for the week ending February 24, a decrease of 0.1 percentage point from the previous week's unrevised rate.
There will be no major data releases from Australia tomorrow, but from China CPI and PPI figures will be relased. CPI is expected to increase by 2.5%, while PPI should fall to 3.8%. In the US session NFP figures will be released. Analysts predict increase by 205,000 in non-farm employment and decline in unemployment rate to 4.0%.
Figures to watch:
China's CPI/PPI (Friday 4:00)
Non-Farm Employment Change/Unemployment Rate (Friday 14:30)