Next Week Outlook: Non-Farm Payrolls and Unemployment Rate Data Released, Escalation of Middle East Conflict Spurs Risk-off Sentiment
BlockBeats News, March 1st, next week the US-Iran geopolitical tension will be full of variables, and the global market will oscillate forward in a mix of high uncertainty and risk aversion sentiment. In addition to the geopolitical situation, the following major macro events are scheduled for next week:
Monday 22:45, US February final Markit Manufacturing PMI;
Monday 23:00, US February ISM Manufacturing PMI;
Wednesday 21:15, US February ADP Employment Change;
Thursday 03:00, Federal Reserve releases Beige Book;
Thursday 20:30, US February Challenger Job Cuts;
Thursday 21:30, US Initial Jobless Claims up to February 28th, US January Import Price Index m/m;
Friday 21:30, US February Unemployment Rate, US February Non-Farm Payrolls, US January Retail Sales m/m.
On the US stock market front, the latest data shows that the Nasdaq Composite Index has failed to hit a new high for four consecutive months, and both the S&P 500 Index and the Nasdaq Index just had their worst month since March last year. This sign indicates that investors have profound doubts about the ability of AI technology to translate into actual profits, and Wall Street is trying to navigate through a tech-led storm of volatility.
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