Global macroeconomic calendar: Key events for the week

Global macroeconomic calendar: Key events for the week

This week's global macroeconomic calendar features several key events that could impact financial markets and business strategies. Here's a rundown of the most important events to watch for: Tuesday, February 28 US: Federal Open Market Committee (FOMC) meeting, with a press conference scheduled for 2:30 pm ET. The FOMC is widely expected to raise interest rates by 25 basis points. Eurozone: Consumer Confidence Index for February, released at 5:00 am ET. This index measures consumer sentiment in the eurozone, which can provide insights into economic growth prospects. Wednesday, March 1 US: ADP Employment Change for February, released at 8:15 am ET. This report provides an early indication of the health of the US labor market ahead of the official nonfarm payrolls report on Friday. Eurozone: Manufacturing and Services PMI surveys for February, released at 5:00 am ET. These surveys measure business activity in the manufacturing and services sectors of the eurozone. Thursday, March 2 US: Initial Jobless Claims for the week ending February 25, released at 8:30 am ET. This report shows the number of people who filed for unemployment benefits for the first time. Eurozone: European Central Bank (ECB) interest rate decision, with a press conference scheduled for 8:45 am ET. The ECB is expected to raise interest rates by 50 basis points. Friday, March 3 US: Nonfarm Payrolls report for February, released at 8:30 am ET. This is the most important economic data release of the week and provides a comprehensive look at the US labor market. Eurozone: Inflation rate for February, released at 5:00 am ET. This report shows the rate of price increases in the eurozone. These are just some of the key global macroeconomic events to watch for this week. By staying informed about these events, businesses and investors can better prepare for potential market volatility and make informed decisions.