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Week Ahead - Mar 30th
Markets will continue to watch for signs of de-escalation in the Middle East as the US delayed its attacks past the end of this upcoming week, as the halt in exports from the Persian Gulf threatens global growth. Economic data in the US, which will see a shortened week due to Easter, will be headlined by the jobs report. Also, the ISM Manufacturing survey will also offer insights on how higher energy costs impact goods producers. The impact of expensive energy will also be the focus in Europe with the Eurozone’s first inflation print since the start of the war. Likewise, both official and the broader Chinese PMIs will be featured for the first batch of data in the world’s second-largest economy and largest energy importer. Regarding monetary policy, meeting details are due from the BoJ, RBA, and BoC.