Jonathan Lepre and Adam Wood, Harvard University
Published by Aaron Gose
March 5th - 9th
This week will feature global economic data news and highlight an anticipated US jobs report for February. Investors around the street are closely watching the unemployment data release, which is hovering around the 4% mark. Additionally, the ECB & BOJ will hold policy meetings, and China will be reporting trade import/export results for the most recent month.
European Central Bank Policy Meeting
The European Central Bank is broadly expected to keep interest rates at their current record low levels and make no changes to guidance on future policy during it’s Thursday meeting.
This will be the ECB’s second meeting of the year.
BOJ Policy Announcement
The Bank of Japan is also expected to keep policy at its current pace at the conclusion of its two-day session on Friday.
The expectation is to keep short-term interest rates at minus 0.1%
US February Jobs Report
This upcoming Friday will be an important day for the markets, as the Bureau of Labor Statistics latest reading on employment in the United States is expected to show the addition of 205,000 jobs in February. The chart below interestingly shows the Bureau of Labor Statistics monthly employment report since the early 2000’s to present date.
China’s Trade Data
China is set to release February trade statistics on Thursday.
Exports are forecasted to have climbed 13.9% from the previous year, following a gain of 11.1% in the month of January, while imports are expected to rise 9.7%, after rising 36.9% in January.