Private nonfarm payrolls in the US are projected to increase 139,000 (seasonally adjusted) over the previous month in tomorrow’s March release of the ADP Employment Report, based on The Capital Spectator’s median econometric point forecast. The projection is substantially below a pair of consensus forecasts via surveys of economists.
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March brought another round of healing for assets in emerging markets. For the second month in a row, stocks and bonds in these nations posted handsome gains. Equities led the way in the first quarter’s closing stretch: the MSCI Emerging Markets Index advanced 3.1% last month, closely followed by government bonds in emerging nations, which added 2.8% (Citigroup ESBI). At the other end of the performance spectrum, stocks in developed markets led the red-ink parade by shedding 0.6% in March, based on the MSCI EAFE Index.
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