US key events to watch this week

It’s time to work those charts a bit. A new week has started and we have put together a list of the most relevant events from the US calendar. Focus will be mainly on employment data.
Monday
Event: Markit Manufacturing PMI + ISM Manufacturing PMI
This is not an usual Monday. Far from those boring days without news, today we count on a few key economic reports that might actually have some impact on US equities. Markit Economics will release its manufacturing PMI for March as of 13:45 GMT. Analysts forecasted a move to 53.5 points. The Institute of Supply Management will also be presenting its own manufacturing PMI as of 14:30 GMT, with a drop to 57.0 points seen.
Manufacturing data is important to the Trump administration, which has promised to revive the forgotten American industry. Weak data would increase concerns regarding the government's inability to boost economic growth.

Wednesday
Event: ADP Nonfarm Employment + Markit Services PMI + ISM non-Manufacturing PMI
While PMI reports will certainly be on the spotlight, they will not take center stage. Investors will rather focus on the latest employment figures. Midweek will be highlighted by ADP nonfarm employment change for March at 12:15 GMT, with players estimating a 185,000 jobs build. ADP’s data is published two days before official figures. Also, Markit will present its services PMI for March as of 13:45 GMT. A similar report from the ISM will be available as of 14:00 GMT.
Attention will also be directed to the Federal Reserve March minutes. Investors are trying to understand the FOMC position on monetary policy normalization after a sudden hawkish turn of its rhetoric and a previous month rate hike.