Unemployment claims at top of calendar

Today's economic calendar is full with traders primarily focusing on initial and continuing jobless claims at 8:30 a.m. ET.

Analysts are expecting new unemployment claims to drop from 380,000 from 365,000 last week, within a range  of expectations from 350,000 to 375,000. Continuing claims are expected to decline to 3.275 million from 3.3 million.

The Bloomberg weekly sentiment index will be released at 9:45 a.m. ET.

Existing home sales for March follow at 10 a.m. ET. Analysts are expecting a rise to 4.62 million from 4.59 million a month earlier. Estimates range from 4.5 million to 4.72 million.
The Philadelphia Fed Survey is next on the docket at 10 a.m. ET. The consensus expectation is a 10.3 print, within a range of 5.0 to 15.5. The last reading was 12.5.

Following the Fed survey is leading indicators for March, analysts are expecting a change of 0.2 percent, compared with the last report of 0.7 percent. Estimates range from unchanged to 0.3 percent.

Wrapping up the day is the release of Fed balance sheet and money supply data at 4:30 p.m. ET.


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