 Hello, welcome to this weekly market update with myself, Jasper Lawler. Today is the 1st of April and we're going to look ahead at this big week in terms of economic data. We're going to split it up by region, starting with Asia. Now the interesting numbers overnight were from China, their PMI data was out, firstly the HSBC numbers which showed a contraction down to 48, below 50, showing the industry is contracting, the standard China number was flatlined but the more attention should be paid to the HSBC number. The positive spin we can put on this though is that this along with any soft data coming out of China going forward, we potentially have the stimulus effect of the Chinese government. Premier Li has said that the Chinese government have what it takes to step in and prop up the 7.5% growth needed in China to meet their target. Now flipping over to Japan, we had the widely followed tankhand survey. That was on the whole fine, the more worrying aspect though was the forecast for the next three months. Japanese business owners are clearly concerned about the upcoming sales tax increase from 5% to 8% and the interesting thing for traders going forward will just be when does the BOJ enable any more monetary stimulus. The likelihood is that it will be at the end of this coming quarter, maybe around June, so then we could expect maybe to see some action in the dolly yen and the Nikkei perhaps looking at 105 and that would be the key breakout area, perhaps starting as early as this month but most likely May. Now this promises to be an interesting week for Europe, we have the ECB rate setting meeting on Thursday. The first bit of data that we were looking at was the manufacturing PMIs. They came in largely with consensus just because it was a slight dip on the previous month because of the tensions between Russia and Europe. The services PMIs around on Thursday, slightly less impacted by the tensions between Europe and Russia and so we're expecting a continuation of gradual improvement that we've seen. Notably Spain have seen a 10 year high in revenues for the tourism so that's improving their service sector. Similar with Italy but we're expecting a slight drop in the Italian services this time. Going forward though the unemployment numbers we're out today, we saw the Euro wide Euro zone unemployment dropped slightly to 11.9% from the 12% seen a year earlier, it's basically flat and the consideration here is that really the ECB doesn't have any mandate to fight unemployment as Mario Draghi has been at pains to explain with the current state of the European Union and the way it's fiscally separated the ECB really can't impact unemployment. So that's probably a good thing for them given the complete disparity across the Euro zone. Germany is actually looking at the lowest levels of unemployment since the separation between East and West whereas for example you're saying youth unemployment of 57% in Spain so very difficult to combat both of those. The CPI for the Euro zone came in at 0.5% below the 0.6% expected yesterday now that's added to the cause for the people looking for some kind of stimulus from the ECB that could be a cut in the deposit rate to 0.1% or even some quantitative easing. Now what was interesting was that we saw the DAX and the CAC close lower yesterday now what you would expect is if there's poor data then that would lead to further cause for stimulus and that would perhaps be a good thing for the indices but in fact they close lower on bad data so that perhaps implies that market participants out there are not expecting some kind of stimulus. That same idea was supported by the fact that Euro you would expect it to be debased if there was some kind of quantitative easing or cut in interest rates and the Euro would be expected to go down yesterday it closed higher. Last but not least we've got the good old US of A the most important data for this week is the ISM manufacturing and non-manufacturing data. The non-manufacturing actually hit a four year low on last month's number so we're expecting a slight uptick from that number just because the argument is that it was largely caused by the cold weather and so that the weather's improved and so we're expecting to see a slight improvement in sentiment for that reason. That leads us on to the US non-farm payrolls report on Friday that's expected to come in at around 200,000 that's up from the 175,000 that came in on the previous month and obviously the higher number does increase the risk of missing the number but again this cold weather effect should be behind us now and so we can expect possibly to see that 200,000 number other. And if that is the case then we're in the happy place for US equities. We've got both the stimulative effect from Janet Yellen's recent dovish comments plus some good employment numbers and some good US growth numbers so that being the case the S&P maybe up to test its all-time highs obviously should we see a number worse than expected then that could point to a larger correction without that retest and that would be interesting nonetheless too. Okay that's the end of our weekly market update with myself Jasper Lawler. Watch out for the non-farm payrolls especially on Friday. You can register for our non-farm payrolls webinar on the link you see right here on the screen. Thanks again, good luck trading.