What to Watch in the Day Ahead - Wednesday, April 2

Investors are on edge as they await 'Liberation Day,' a term coined by U.S. President Donald Trump, when he is set to unveil a significant reciprocal tariff plan at an event in the Rose Garden. On Tuesday, the Washington Post reported that White House aides have drafted plans for 20% tariffs on most goods imported to the United States.

Tesla is due to release its first-quarter sales data and Wall Street expects the carmaker to deliver about 394,000 vehicles, largely flat from a year ago amid slowing demand for the Elon Musk-led company's vehicles. Separately, the China Passenger Car Association is due to release Tesla's China-made EVs for March.

On the U.S. economic front, attention will be on the ADP's national employment report ahead of Friday's comprehensive employment report for March. Private payrolls likely jumped by 115,000 jobs in March, compared to 77,000 in February. Additionally, factory orders likely increased by 0.5% in February, after a 1.7% rise in January.

Boeing CEO Kelly Ortberg is slated to testify to the Senate commerce committee in a hearing titled "Safety First: Restoring Boeing’s Status as a Great American Manufacturer."

Federal Reserve Board Governor Adriana Kugler is scheduled to speak virtually on "Inflation Expectations and Monetary Policymaking" before the Griswold Center for Economic Policy Students and Julis-Rabinowitz Center for Public Policy and Finance 2025 Public Talk. (1630/2030)

In Latin America, Brazil’s industrial output data for February will be released, which is projected to have increased by 2.1% on an annual basis, after rising 1.4% in January. On a month-on-month basis, industrial output rose 0.4%.

LIVECHAT-REUTERS GLOBAL MARKETS FORUM

Markets week ahead with Mike Dolan, Reuters editor-at-large for financial industry and markets. To join the conversation at 0800/1200, click here