Financial markets are coming off a record-breaking week, but buckle up – this week still packs a punch! While not as jam-packed as last week, key data releases will likely cause some market volatility, especially with the Fed meeting approaching.


Last Week’s Recap

  • Fed Chair Powell offered little clarity on rate cuts, but the US Dollar Index weakened after his comments.
  • US jobs data surprised with strong payroll numbers but a higher unemployment rate.
  • Stock markets, gold, and Bitcoin reached new highs.


Looking Ahead

  • This week’s calendar is lighter, but key inflation data could cause market volatility.


Monday, March 11th:

  • Asia: Chinese CPI data (already released, stronger than expected) and Japan’s GDP data (early session).
  • Europe/US: No major data releases, but GBP traders will be interested in comments from MPC member Catherine Mann.


Tuesday, March 12th (Key Day):

  • Asia: Japan’s PPI data.
  • Europe: UK employment data (early session).
  • US: Main Event! US CPI data (released after US markets open) could significantly impact the US Dollar and Fed rate hike expectations. Also, the US 10-year bond auction will be a focus for the bond market.


Wednesday, March 13th:

  • Quiet Day: No major data releases expected. Investors will be looking for cues from Tuesday’s US market close.


Thursday, March 14th:

  • Europe: UK GDP data (highlight of a bunch of UK releases).
  • US: Second Major Event! US PPI data, weekly jobless claims, and Retail Sales data – all crucial for Fed rate hike expectations.


Friday, March 15th:

  • Asia/Europe: Scattered minor data releases.
  • US: Empire State Manufacturing Index, Industrial Production data, University of Michigan Consumer Sentiment and Inflation Expectation data (all released throughout the day).


Key Takeaways

  • US CPI data on Tuesday is the most anticipated event of the week.
  • UK wage growth data on Tuesday could affect the pound and BoE policy decisions.
  • Inflation data will influence expectations for future Fed rate hikes.
Categories: Market News

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