[Key Events and Data Preview for This Week: US Non-Farm Payrolls and "Terrifying Data," China's Manufacturing PMI and Foreign Exchange Reserves]
1. Monday:
① Data: UK February Nationwide House Price Index (MoM); Switzerland January Retail Sales (YoY); France, Germany, Eurozone, and UK February Manufacturing PMI (Final); UK January Bank of England Mortgage Approvals; US February S&P Global Manufacturing PMI (Final); US February ISM Manufacturing PMI.
② Holiday: Seoul Stock Exchange closed.
2. Tuesday:
① Data: Japan January Unemployment Rate; Eurozone February CPI (YoY, Preliminary); Eurozone February CPI (MoM, Preliminary).
② Events: Bank of Japan Governor Kazuo Ueda speaks at a fintech seminar; FOMC permanent voting member and New York Fed President Williams speaks.
③ Holiday: National Stock Exchange of India closed.
3. Wednesday: ① Data: US API and EIA crude oil inventory data for the week ending February 27; Australia's Q4 GDP annual rate; China's February official manufacturing PMI, China's February RatingDog manufacturing PMI, China's February RatingDog services PMI; Switzerland's February CPI month-on-month rate; France, Germany, Eurozone, and UK's final February services PMI readings; Eurozone's January PPI month-on-month rate, Eurozone's January unemployment rate; US February ADP employment change, US February S&P Global Services PMI final reading, US February ISM Non-Manufacturing PMI. ② Events: The Fourth Session of the 14th National Committee of the Chinese People's Political Consultative Conference (CPPCC) convenes in Beijing; 2026 FOMC voting member and Minneapolis Fed President Kashkari delivers a speech; Bank of Canada Governor Macklem participates in a fireside chat. 4. Thursday: ① Data: French January industrial production month-on-month; Swiss February seasonally adjusted unemployment rate; Eurozone January retail sales month-on-month; US February Challenger job cuts, US initial jobless claims for the week ending February 28, US January import price index month-on-month, US February global supply chain stress index, US EIA natural gas storage for the week ending February 27. ② Events: The Fourth Session of the 14th National People's Congress convenes in Beijing; Saudi Aramco announces its official crude oil prices around the 5th of each month; the Federal Reserve releases its Beige Book on economic conditions. ③ Earnings reports: JD.com, Bilibili.
5. Friday: ① Data: UK February Halifax seasonally adjusted house price index month-on-month; Eurozone Q4 GDP annual rate revised, Eurozone Q4 seasonally adjusted employment quarter-on-quarter final; US February unemployment rate, US February seasonally adjusted non-farm payrolls, US January retail sales month-on-month, US February average hourly earnings year-on-year, US February average hourly earnings month-on-month, US December business inventories month-on-month. 6. Saturday: ① Data: Total number of US oil rigs for the week ending March 6; China's foreign exchange reserves for February. ② Event: Speech by Cleveland Fed President Hammark, a 2026 FOMC voting member, on the safe-haven status of the US dollar.
