Jobs Report Woes to Linger in Coming Week
ING's Cote noted regarding Europe that, "What the global markets want to see is Europe getting its act in order and everyone marching in the same tune. That includes Greece. Greece has to march in line and do austerity."
On the economic front, the factory orders report is scheduled for Monday. March's factory orders fell 1.9%; Briefing.com anticipates that in April that orders will fall 0.3%.
Weekly initial jobless claims arrive on Thursday, and the current consensus is at 375,000, which would be a decline from 383,000 this past week. Also of note will be the Fed's Beige Book release on Wednesday.
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