Guardian Stockbrokers Key Economic News Tuesday 6 April 2021

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The key points from today’s economic news, brought to you by Guardian Stockbrokers.

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US nonfarm payrolls rose more than expected in March

In the US, nonfarm payrolls climbed by 916.00 K in March, compared to a rise of 468.00 K jobs in the previous month. Markets were expecting nonfarm payrolls to record a rise of 647.00 K.

US factory orders dropped more than expected in February

In the US, factory orders registered a drop of 0.80% on a MoM basis in February, compared to a revised rise of 2.70% in the prior month. Markets were expecting factory orders to record a fall of 0.50%.

US ISM services index rose in March

In the US, the ISM services index advanced to a level of 63.70 in March, compared to a reading of 55.30 in the prior month. Market anticipations were for the Index to advance to a level of 58.50.

US unemployment rate dropped in March

In the US, the unemployment rate dropped to 6.00% in March, as expected and compared to 6.20% in the previous month.

Japan Jibun Bank services PMI climbed in March

In Japan, the Jibun Bank services PMI advanced to a level of 48.30 in March, compared to a reading of 46.30 in the prior month.

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