U.S. CPI and Canadian Jobs Data "Might Be Worth a Glimpse Or Two", Despite "Rather Bland" Market Tone, says Scotiabank

Iran headlines will continue to dominate market action, but U.S. CPI and Canadian jobs data "might be worth a glimpse or two" on Friday morning, despite the "rather bland" market tone going in to the releases, says Scotiabank in its morning note.Scotia notes Canada delivers the March jobs report at the same time as U.S. CPI (8.30am ET) and "might dirty the domestic waters somewhat". The bank says "rebound of some magnitude is generally expected" but suggests a "rebound, with an asterisk or several". Scotia notes consensus sits at 힙 with most in the 10-40k range except "one extreme outlier who's playing mere noise over any narrative". The high end has 40k, notes Scotia.

-- Iran headlines will continue to dominate market action, but U.S. CPI and Canadian jobs data "might be worth a glimpse or two" on Friday morning, despite the "rather bland" market tone going in to the releases, says Scotiabank in its morning note.

Scotia notes Canada delivers the March jobs report at the same time as U.S. CPI (8.30am ET) and "might dirty the domestic waters somewhat". The bank says "rebound of some magnitude is generally expected" but suggests a "rebound, with an asterisk or several". Scotia notes consensus sits at 힙 with most in the 10-40k range except "one extreme outlier who's playing mere noise over any narrative". The high end has 40k, notes Scotia.