Monday:

• Quiet Day: No major economic events are scheduled, potentially allowing the “risk-on” sentiment to continue.

Tuesday:

• Focus on Japan: Tokyo Core CPI data and a speech by Bank of Japan Governor Kazuo Ueda will be in the spotlight during the Asian session.
• China in Focus: The National People’s Congress kicks off in Beijing, with the economy taking center stage.
• US Data Starts: The week’s first US data release, the ISM Services PMI, is expected in the New York session. Additionally, FOMC member Michael Barr will speak later in the day.

Wednesday:

• Australia’s GDP: The key quarterly GDP numbers from Australia will be released early in the Asian session.
• UK Budget Announcement: The UK Chancellor will deliver the Spring Budget, with construction PMI data also scheduled for release during the London session.
• Canada’s Rate Decision: The Bank of Canada’s rate decision, accompanied by statements and a press conference, will be the highlight of the busy New York session.

Thursday:

• ECB Meeting: The European Central Bank’s rate decision, statement, and press conference will be the main event in the European session.
• Fed Chair Speaks: US Federal Reserve Chair Jerome Powell delivers his semi-annual Monetary Policy Report to Congress.

Friday:

• Non-Farm Payrolls: The highly anticipated US non-farm payroll data release could significantly impact market expectations, especially if there are major surprises. Canadian employment data will also be released simultaneously.
• China’s Inflation Data: Chinese CPI and PPI data are expected over the weekend, potentially causing gaps in Monday’s market opening.

Additional Notes:

• The US Employment Situation Report will be released on Friday.
• Central banks from Canada, the Eurozone, and the US are all in focus, with potential rate decisions and economic updates.
• US jobs data, ISM Services PMI, and Fed Chair Powell’s testimony on the 7th of March are also important events to watch.