Next Week's Macro Outlook: US and Eurozone PMI Data on Tap, Energy Prices Remain in Focus

BlockBeats News, March 21st. As the Iran war entered its fourth week with no clear signs of easing tensions, the market remained volatile. The Iran war and its impact on energy prices will continue to be in focus on Wall Street in the short term. In addition, the macroeconomic data from the US and Europe to be released next week will allow the market to assess whether the recent surge in energy prices is beginning to transmit to consumer prices and the overall economy. Here are the key points the market will focus on in the new week (all times are Beijing time):

Monday 22:00, US January Construction Spending MoM;

Tuesday 7:30, Japan February Core CPI YoY;

Wednesday 8:30, Australia February Non-seasonally Adjusted CPI YoY;

Wednesday 15:00, UK February CPI MoM, UK February Retail Price Index MoM;

Wednesday 20:30, US Q4 Current Account, US February Import Price Index MoM;

Wednesday 22:30, US EIA Crude Oil Stocks for the week ending March 20th;

Thursday 20:30, US Initial Jobless Claims for the week ending March 21st;

Thursday TBD, G7 Finance Ministers Meeting, until March 27th;

Friday 7:00, Fed Vice Chair Jefferson speaks;

Friday 23:30, 2027 FOMC Voter and San Francisco Fed President Daly deliver opening remarks at a conference on macroeconomics and monetary policy. (FXStreet)