{"id":10763,"date":"2021-03-01T08:59:10","date_gmt":"2021-03-01T08:59:10","guid":{"rendered":"https:\/\/errante.com\/?p=10763"},"modified":"2021-03-01T08:59:10","modified_gmt":"2021-03-01T08:59:10","slug":"the-week-ahead-1st-5th-march-2021","status":"publish","type":"post","link":"https:\/\/errante.com\/ar\/newsroom\/the-week-ahead-1st-5th-march-2021\/","title":{"rendered":"The Week Ahead: 1st \u2013 5th March 2021"},"content":{"rendered":"\n

Overview for the Week Ahead<\/strong><\/h2>\n\n\n\n

It is a very busy week on the economic calendar, 73 stats come into focus.<\/a> <\/p>\n\n\n\n

For the US, the private sector PMI and ADP employment change figures for February are in focus in the 1st half of the week. <\/p>\n\n\n\n

For the private sector the ISM Manufacturing and Non-Manufacturing PMIs are due out on Monday and Wednesday. <\/p>\n\n\n\n

On Wednesday, ADP Nonfarm Employment Change figures for February will also be in focus. <\/p>\n\n\n\n

The market focus will then shift to the weekly jobless claim figures on Thursday ahead of the labor market numbers on Friday. <\/p>\n\n\n\n

On Friday, expect the unemployment rate and nonfarm payroll figures to be the key drivers.   <\/p>\n\n\n\n

Economists are expecting the U.S. economy to have created 165,000 new jobs in February, after January’s 49,000 increase. But the winter storms that swept across the South may complicate the picture. <\/p>\n\n\n\n

The Dollar Spot Index ended the week up by 0.57% to 90.879<\/a>. <\/p>\n\n\n\n

For Europe, it is a busy week with private sector PMI being released for many European countries. All eyes will be on the ECB come Thursday for the ECB\u2019s inflation and economic outlook.  Keep an eye on the EUR crosses! <\/p>\n\n\n\n

The\u202fEUR\u202fended the week down by 0.36% to $1.2075<\/a>. <\/p>\n\n\n\n

For the UK, it is a quiet week.  The UK government will release its annual budget on Wednesday. The markets will be looking to see by how much the UK government has loosened the purse strings to support an economic recovery. Government debt has already rocketed to pre-1970 levels as percentage of GDP.   <\/p>\n\n\n\n

The\u202fPound\u202fended the week down by 0.59% to $1.3933<\/a>. <\/p>\n\n\n\n

For Australia, the RBA monetary policy decision on Tuesday will set the tone for this week. <\/p>\n\n\n\n

The\u202fAussie Dollar\u202fended the week down by 2.07% to $0.7706<\/a>. <\/p>\n\n\n\n

For New Zealand, with economic data on the lighter side, expect market risk sentiment to drive the Kiwi in the week. <\/p>\n\n\n\n

The Kiwi Dollar ended the week down by 0.90% to $0.7233.<\/a> <\/p>\n\n\n\n

For China, it is a busy week.  The market\u2019s preferred Caixin Manufacturing PMI on Monday will set the tone for the week.  On Wednesday, the Caixin Services PMI for February will also influence market risk sentiment. <\/p>\n\n\n\n

The Chinese Yuan ended the week down by 0.25% to CNY6.4737<\/a> against the U.S Dollar. <\/p>\n\n\n\n

For Japan, it is a quiet week.  Jobs data and 4th quarter capital spending figures are due out early in the week. <\/p>\n\n\n\n

The\u202fJapanese Yen\u202fended the week\u00a0down\u00a0by\u00a01.06% to\u00a0\u00a5106.57<\/a>\u00a0against the U.S Dollar.\u00a0<\/p>\n\n\n\n

This Week\u2019s High Impact Events<\/strong> <\/h2>\n\n\n\n

The times below are GMT+2.\u00a0<\/p>\n\n\n\n

Monda<\/strong>y<\/strong> <\/strong>1<\/strong>st<\/sup><\/strong> March<\/strong> <\/p>\n\n\n\n