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China's factories power; EasyJet warning; American retail




The country's large manufacturing industry rose unexpectedly in March, the government showed Sunday. The official purchasing manager index for the month went to 50.5, against 49.2 in February. A reading over 50 indicates growth from last month.

A separate survey of production activity by the media group Caixin and research firm Markit released Monday was also unexpectedly positive.

Goods made in Chinese factories are shipped worldwide, and their demand is often seen as a barometer of the health of the world economy.

Growth in China's factory sector reversed the end of last year, and the economists asked by Refinitiv had predicted that this trend would continue.

2. EasyJet worries: Stocks in EasyJet ( ESYJY ) fell over 8% in London after the airline announced that the uncertainty over Brexit would damage summer sales.

Macroeconomic uncertainty and many unanswered questions about Brexit together provide a weaker customer demand in the market, the company said in a statement.

Airlines across Europe have been pressured by weaker prices, lack of pilots, rising fuel costs and continued uncertainty over Britain's departure from the EU.

Last year, the Icelandic carrier Wow Air stopped after it had not secured a new investment.

3. Brexit debate: The British Parliament will hold a second round of votes on alternatives to Prime Minister Theresa Mays divorce agreement on Monday.

The votes are not binding, but they can help lawmakers to move forward.

Parliament rejected the agreement. Can be negotiated with the EU for a third time on Friday. The business community is most concerned about a scenario where the UK bursts out of the block without an agreement to protect trade.

The British pound has in recent weeks reflected the political chaos. "Consensus view ̵[ads1]1; it's unmanageable," said Kit Juckes, a strategist at Societe Generale.

4. Global market overview: US equity futures pointed higher.
Global markets were boosted by the positive data from China. European markets opened with gains and shares in Asia ended their trading session higher.
Wall Street completed the first quarter on a strong note. The Dow Jones industrial average and Nasdaq both closed 0.8% higher on Friday. S & P 500 was up 0.7%.

After a tough end to 2018, S & P 500 was advanced 13% in the first three months of the year, the strongest quarter since 2009.

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5. Businesses and Economics: The US Census Bureau will release its February retail report at 8.30. ET.

IHS Markit production surveys in Germany, France, Italy and the euro area failed to meet expectations. Germany's manufacturing PMI dropped to its lowest level since July 2012.

Lift ( LIFT ) Friday's IPO was a success. Shares in the company got 8.7% in the debut to close at $ 78.29.
6. Comes this week:
Monday – US February retail; US ISM production
Tuesday Walgreen ( WBA ) earnings; US February lasting orders
Wednesday – US ISM services
Thursday Constellation Brand ( STZ ) Reserve Bank of India rate decision
Friday – US March Working Report; EU Finance Ministers meet



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