Quick Overview

• ADP said U.S. employers cut jobs by a record 742,000 in Feb.

• The Institute of Supply Management's index of manufacturing rose from 35.8 to 36.3 in March

• The National Association of Realtors said its index of pending U.S. home sales rose 2.1% in February
  

• Unemployment rate in the Euro area rose from 8.3% to 8.5% in February

• Australia Feb. Building Approvals rose 7.8% MoM
  
  

• Germany Feb. Retail Sales fell -0.2% MoM and -5.3% YoY
  

• Australia's retail sales fell 2% in February
  

• Japan's Tankan survey of business sentiment fell from -24 to a new record low of -58
  

• China Purchasing Managers Index fell to 44.8 in March from 45.1

• The global container shipping industry is showing signs of improving in the second quarter, United Arab Shipping Company told Emirates Business.

• The U.S. Department of Energy said:
  Supplies of crude oil rose 2.8 million barrels last week to 359.4 million barrels.
  Supplies of gasoline rose 2.2 million barrels
  Supplies of heating oil rose 300,000 barrels.
  Refinery use fell from 82.0% to 81.7%.
  Gasoline demand fell 0.2% YoY
  Distillate demand fell 9.1% YoY.