by Calculated Risk on 4/01/2013 09:29:00 PM

On Europe, from Joe Weisenthal: Expect The European Economic Trainwreck To Be On Full Display Tomorrow

A quick reminder: European PMI readings for the month of March come out tomorrow morning.

They're likely to be very ugly.

Flash PMI numbers for France and Germany were both bad, and there's no real sign that any data is improving anywhere. ... The endless decline of the economy is the real killer in Europe.

Obviously Europe needs more bloodletting (aka austerity) ...

Tuesday economic releases:
• Early, Reis Q1 2013 Office survey of rents and vacancy rates will be released.

• All day, Light vehicle sales for March. The consensus is for light vehicle sales to be at 15.4 million SAAR in March (Seasonally Adjusted Annual Rate) unchanged from 15.4 SAAR in February.

• At 10:00 AM, Manufacturers' Shipments, Inventories and Orders (Factory Orders) for February. The consensus is for a 2.9% increase in orders.