Geopolitics remaking world economy in real time – Rabobank
|Rabobank analysts argue that, with geopolitics reshaping the world economy in real time, upcoming macro data are of secondary importance. Still, the bank lists a full week of releases, including global PMIs, Eurozone CPI, Australian GDP, US ISM surveys, the Fed’s Beige Book, and US non-farm payrolls, with unemployment seen at 4.3% and 60k jobs.
Heavy data slate overshadowed by geopolitics
"Monday: With geopolitical events again remaking the world economy in real time, lagging datapoints are a virtual irrelevance. Nevertheless, today brings NZ filled jobs, global PMIs, US manufacturing ISM, AU GDP partials, German retail sales and UK house prices."
"Tuesday: Japan jobless figures and Q4 capital spending are out, followed by Aussie building approvals, Spain employment data, and Eurozone CPI for February. RBA Governor Bullock is scheduled to speak."
"Wednesday: Aussie Q4 GDP is released, global services PMIs follow, then it’s the ADP employment survey and the ISM services index in the USA. The Fed’s Beige Book will be released and BoC Governor Macklem is speaking."
"Thursday: Aussie trade figures are followed by French industrial production, Eurozone retail sales, the Challenger job cuts series and US weekly jobless claims. Christine Lagarde will be speaking."
"Friday: US non-farm payrolls and retail sales are the highlights of the day. The former is expected to reveal an unemployment rate of 4.3% and +60k new jobs."
(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.