Market Update: Stock markets continue their upward trend, with major indices reaching new record highs last week. This week promises to be busy with several events that could cause market volatility.



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



  • 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.



  • 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.



  • 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.



  • 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.

Categories: Market News

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