Welcome to this weeks High Impact News to keep you abreast of critical economic developments affecting the markets:
Monday, March 3rd
01:45 CNY - Caixin Manufacturing PMI (Feb): This index will give insights into China's manufacturing health, crucial for assessing global supply chain implications.
10:00 EUR - Core Harmonized Index of Consumer Prices (YoY/MoM) (Feb) Prel: An early indicator of inflationary pressures within the Eurozone. Core rates exclude volatile items such as food and energy.
15:00 USD - ISM Manufacturing PMI (Feb): A key measure reflecting the health of the US manufacturing sector, with implications for overall economic activity.
Tuesday, March 4th
00:30 AUD - RBA Meeting Minutes: Detailed records of the Reserve Bank of Australia's last policy meeting, shedding light on the economic outlook and policy direction.
00:30 AUD - Retail Sales s.a. (MoM) (Jan): Indicates the total receipts of retail stores in Australia, a primary gauge of consumer spending and economic momentum.
Wednesday, March 5th
00:30 AUD - Gross Domestic Product (QoQ) (Q4): Key indicator of economic growth in Australia, showing the pace at which the country's economy is expanding or contracting.
01:45 CNY - Caixin Services PMI (Feb): Reflects the health of the Chinese service sector, a vital component of China's economy.
07:30 CHF - Consumer Price Index (YoY) (Feb): Switzerland's primary inflation measure, important for understanding price pressures within the Swiss economy.
13:15 USD - ADP Employment Change (Feb): Often used as a prelude to the Non-Farm Payrolls, this data shows changes in private employment.
15:00 USD - ISM Services PMI (Feb): A barometer for the U.S. service sector, which accounts for a majority of U.S. economic activity.
Thursday, March 6th
00:30 AUD - Trade Balance (MoM) (Jan): Important for currency traders as trade surpluses and deficits directly affect currency value.
10:00 EUR - Retail Sales (YoY) (Jan): Essential for gauging consumer spending trends in the Eurozone.
13:15 EUR - ECB Main Refinancing Operations Rate, ECB Rate On Deposit Facility, and ECB Monetary Policy Statement: Critical for understanding the European Central Bank’s view on the economic outlook and monetary policy.
Friday, March 7th
10:00 EUR - Gross Domestic Product s.a. (QoQ/YoY) (Q4): Provides a comprehensive overview of economic activity and health in the Eurozone.
13:30 CAD - Net Change in Employment (Feb) and Unemployment Rate (Feb): Vital indicators of economic health and labor market conditions in Canada.
13:30 USD - Average Hourly Earnings (MoM/YoY) (Feb) and Nonfarm Payrolls (Feb): Key indicators of wage inflation and overall employment health in the U.S., affecting Federal Reserve decisions and thus, financial markets.
This roundup aims to equip traders with the context needed to navigate the markets effectively as these data releases can significantly influence market volatility and trading decisions.