Us data reviewed and previewed - Nomura

Analysts at Nomura reviewed today's US data and reviewed tomorrow's.

Key quotes:

"Consumer credit: Consumer credit rose $11.6bn in March following a $13.6bn increase in February. Revolving consumer loans, primarily credit cards, fell $2.6bn in March following a modest decline in February, while non-revolving loans rose $14.2bn. Revolving credit growth has slowed recently, partly consistent with tighter lending standards on consumer loans. Yet, consumer optimism has remained elevated and personal tax cuts should help boost spending further, in our view. We remain optimistic that consumer spending will pick up in the near term and consumer credit will likely continue to expand."

"Preview JOLTS job openings: Against the backdrop of a strong labor market, the job openings rate remained elevated at 3.9% in February, consistent with steady labor demand. The quits rate also remained relatively high at 2.2%, pointing to increased workers’ confidence in moving between jobs. As the labor market improves further, we expect continued improvement in these indicators in the near term."