Analysts at TD Securities expect the U.S. new home sales to show a decline of 2.6% m-o-m to 650k for March, following two consecutive months with sequential gains that pulled sales near a year high of 667k in February.

• "Separately, the consensus expects the Richmond Fed manufacturing index to have stayed unchanged at 10 in April, suggesting further stabilization in the manufacturing outlook. Note that the combination of the ISM-adjusted versions of the NY Empire and Philly Fed surveys already suggests the ISM manufacturing index isn't likely to deviate much from current levels in April."