Major events of the upcoming week
The situation on the financial markets remains very volatile. The wave of growth is now and then replaced by rather strong sales and flight from risky assets. Investors are still not sure about the prospects for the development of the global economy, despite some success in the fight against COVID-19 and the adaptation of local economies to new operating conditions. The greatest uncertainty for investors is represented by the prospects for the development of the US economy, which continues to experience serious difficulties in almost all areas.
A sharp rise in the yield of US Treasuries at the end of last week provoked a large-scale fixation of long positions on stock exchanges. Investors fear that against the backdrop of rising inflationary pressures, the Fed will be forced to begin tightening monetary policy. At the same time, the market ignores all statements of the FRS representatives, who speak about a long period of low interest rates in the USA and a new approach to inflation control.
Below we will look at three of the most significant events of the coming days.
01.03. - USA - ISM Manufacturing PMI
02.03. - Australia - Reserve Bank of Australia meeting
05.03. - USA – Non-Farm Payrolls