The upcoming week is packed with significant macroeconomic events that could sway markets and influence investor sentiment.
Kicking off the week on Monday, all eyes will be on China’s “Two Sessions” summit, where senior government leaders gather to discuss key policies and initiatives.
Tuesday morning brings the release of the US services ISM for February, providing valuable insights into the health of the US service sector, a critical component of the economy. Simultaneously, the “Super Tuesday” US primaries will be closely watched for their implications on the political landscape.
Midweek is equally eventful, with Wednesday morning featuring the Bank of Canada rate decision, the US JOLTs report shedding light on job openings and labor market dynamics, and Federal Reserve Chair Jerome Powell’s House testimony offering insights into the central bank’s monetary policy stance.
In the afternoon, investors will be tuned in to the release of the US Beige Book, providing anecdotal evidence of economic conditions across different regions.
Thursday morning is marked by the European Central Bank’s rate decision, which could signal shifts in monetary policy direction for the Eurozone. Additionally, Powell will testify before the Senate, offering further clarity on the Fed’s outlook and policy intentions.
Thursday night will see President Biden deliver his highly anticipated State of the Union address, addressing the nation on key policy priorities and initiatives.
Finally, Friday morning wraps up the week with the release of the US jobs report for February, a closely watched indicator of labor market health and overall economic performance.
With a jam-packed schedule of events, investors and market participants will be closely monitoring developments throughout the week, poised to react to any significant insights or surprises that may arise.
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