This Week's Macro Outlook: Non-Farm Payrolls, Unemployment Rate Data Incoming, Middle East Conflict Fuels Safe-Haven Sentiment

BlockBeats News, this week the US-Iran geopolitical tension will be full of variables, and the global market will fluctuate amid high uncertainty and risk-off sentiment. In addition to the geopolitical situation, the following are the main macro events this week:

Monday 22:45, US February final S&P Global Manufacturing PMI;

Monday 23:00, US February ISM Manufacturing PMI;

Wednesday 21:15, US February ADP Employment Change;

Thursday 03:00, Fed releases Beige Book;

Thursday 20:30, US February Challenger Job Cuts;

Thursday 21:30, US Initial Jobless Claims up to February 28, US January Import Price Index m/m;

Friday 21:30, US February Unemployment Rate, US February Nonfarm Payrolls, US January Retail Sales m/m.

On the US stock market front, the latest data shows that the Nasdaq Composite Index has failed to hit a new high for four consecutive months, and both the S&P 500 Index and the Nasdaq Index just experienced their worst month since March last year. This sign indicates that investors have deep doubts about the ability of AI technology to translate into actual profits, and Wall Street is trying to navigate through a tech-led stormy market.