Daily Newsletter 4/1/25
Good morning.
Today, our focus is on two significant events: the upcoming tariffs announcement in the United States and the evolving political situation surrounding Marine Le Pen in France. France is currently facing significant political unrest, stemming from multiple crises that have destabilized its governance and economy. Recent developments in France have further intensified the uncertainty surrounding the already intricate global macroeconomic landscape.
In this post, you can find details on how we are trading today in these two markets.
Additionally, we will be closely monitoring the following figures today.
ISM Manufacturing Index (March):
Time: 10:00 AM ET
Forecasted at 49.5%, down from 50.3% in February, signaling continued contraction in manufacturing.
Job Openings and Labor Turnover Survey (JOLTS):
Time: 10:00 AM ET
February job openings are expected to remain at 7.63 million, reflecting stability in labor demand.
The Chicago Purchasing Managers' Index (PMI) for March 2025, released on March 31, rose to 47.6, up from 45.5 in February. This increase exceeded analysts' expectations of 44.1 and marked the highest level since November 2023. Despite the improvement, the index remains below the 50-point threshold, indicating continued contraction in the manufacturing sector for the 16th consecutive month. However,this increase has slightly eased concerns about an imminent recession but has not significantly altered the overall outlook.
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