Jobless Claims 4-week Moving Average data reported Week of 3/1 Jobless Claims 4-week Moving Average at 336.50K
Fedspeak resumes with NY Fed dove Dudley Fedspeak resumes with NY Fed dove Dudley who will take part in a breakfast interview with the WSJ and Dow Jones from 8:30 ET. He will be followed by Philly Fed hawk Plosser, who will be discussing "Perspectives on the Economy and Monetary Policy" from 13 ET. And Atlanta Fed dove Lockhart will wrap things up after the close on the economic outlook at Georgetown University from 18 ET.
U.S. Productivity Preview U.S. Productivity Preview: Q4 productivity is expected to be revised down to 1.5% (median 2.5%) from 3.2% in the first release and 3.6% in Q3. Unit labor costs are expected to be revised to 0.2% (median -0.8%) from -1.6% in the first release and -2.0% in Q3.
European Central Bank keeps interest rates unchanged The Governing Council of the European Central Bank decided that the interest rate on the main refinancing operations and the interest rates on the marginal lending facility and the deposit facility will remain unchanged at 0.25%, 0.75% and 0.00% respectively
Futures slightly higher ahead of economic data Stock futures are slightly higher ahead of the Challenger Job Cuts report, the weekly jobless claims data, a nonfarm productivity report, and a factory orders reports. The jobless claims data is due out at 8:30 am ET. There are expected to be 336,000 initial claims, while continuing claims are expected to come in at 2.97M.