Week Ahead – US nonfarm payrolls and central banks in focus

The week of March 2 will be a busy one with the main focus being on major central bank meetings – including the European Central Bank, Bank of England, Reserve Bank of Australia and Bank of Canada. US jobs data will be the highlight.

Monday begins first with Australia’s business inventory data. From Europe we have retail sales figures out of Germany. Meanwhile, flash inflation numbers and an update on unemployment are also published for the Eurozone. Monday also sees the release of UK house price data.

From North America, current account numbers are out in Canada while personal spending data are issued in the US.

On Tuesday, all eyes will be on the Reserve Bank of Australia which will announce its latest interest rate decision. Current account and building permit data are also out in Australia.
Markit releases a number of whole economy PMI results and the UK Construction PMI.

Producer price figures are updated in the Eurozone and in Canada, with the latter also seeing the release of fourth quarter GDP numbers.

On Wednesday, Australia releases fourth quarter GDP numbers. Then, retail sales numbers are issued for the Eurozone. The Bank of Canada announces its latest interest rate decision.

On Thursday, retail sales numbers and trade balance data are due in Australia.

Then major central bank meeting to watch out for are the Bank of England and the European Central Bank, both announcing their latest interest rate decisions.

On Friday, Japan will release its Leading Economic Index.

German Industrial output numbers are next while focus will then turn to fourth quarter GDP data are updated in the Eurozone. Halifax house price numbers are issued in the UK.

Finally, the highlight of the week will be the US nonfarm payrolls report.

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