Tuesday has not got much to offer in terms of economic data releases. We did see at midnight UK retail sales monitor release a down grade for the retail sector in March of 0.9%, the forecast was that it would fall slightly to 2.4%.
With this being a sales monitor and not actual final figures, it could be an early indication that the retail sector will face headwinds moving forward. In the afternoon session we do have JOLTS (Job openings and labor turnover) being released for the US. It’s forecasted to create slightly less jobs than in its previous month. From last week we did see a divided view on jobs data from the US with ADP falling short and only producing half of the jobs that it was forecasted.
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