Economics Calendar for the week starting 28Feb2022

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The war in Ukraine has dragged into this week.  

This will be hogging the headlines till resolution.  For now, let us continue to have hope that this will be resolved soon with minimal loss of lives, livelihood and property.

While the conflict persisted into the 5th day, let us not forget the various economic updates that may swing the market too.



This morning, China provided some good news with the Manufacturing PMI (Feb) beating forecast (50.2 compared to the forecast of 49.9) and the Caixin Manufacturing PI (Feb ) sounding beating the estimate (50.4 to 49.5).  This is good news to start the day as this changed the negative sentiment about production coming out from China.

In the coming week, the USA is set to make a few key updates namely:

  • ADP nonfarm employment change (Feb) on 02 Mar 2022
  • Crude oil inventories on 02 Mar 2022
  • Initial jobless claims on 03 Mar 2022
  • ISM non-manufacturing PMI (Feb) on 03 Mar 2022
  • Nonfarm Payrolls (Feb) on 04 March 2022
  • Unemployment Rate (Feb) on 04 March 2022
As the role of the Fed encapsulates the management of unemployment and inflation, Friday's update will be key inputs to shape Fed's role in asset sell-off and the coming interest rate hikes.  The PMI will provide an indicator of the recovery of America's manufacturing.  With China posting good results for their PMI, USA's results will set a barometer for their net trade deficits - an indication of the demand for the US dollar.

The current Ukraine conflict will be taking the headlines and will it, moving the market single-handedly.  But let us not forget these important market news that lends to the undercurrents of the market.

As always, let us research before we invest.

<the image was taken from investing.com>


 

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