{"id":12087,"date":"2026-03-02T07:55:48","date_gmt":"2026-03-02T07:55:48","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=12087"},"modified":"2026-03-02T07:55:50","modified_gmt":"2026-03-02T07:55:50","slug":"weekly-overview-2026-03-02","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/es\/analytics\/weekly-overview-2026-03-02\/","title":{"rendered":"Week&#8217;s main events (March 02 \u2013 March 06)"},"content":{"rendered":"<div class=\"ag-base_page ag-m-format-container\">\n<h1 class=\"ag-base_title-page\">Week&#8217;s main events (March 02 \u2013 March 06)<\/h1>\n<div class=\"ag-analytics-page ag-market-overview-page\">\n<p class=\"ag-analytics_text\">The upcoming week will be critical for global markets due to the coincidence of key economic releases and a sharp escalation in the Middle East. On February 28, 2026, the situation in the Persian Gulf shifted into a phase of open conflict: following joint US and Israeli strikes on Iranian military facilities as part of Operation \u00abEpic Fury,\u00bb Tehran launched retaliatory missile strikes against US bases in the UAE, Qatar, Bahrain, and Kuwait. Explosions rocked Riyadh, Abu Dhabi, and Dubai, prompting the closure of airspace over the region and an inevitable spike in the \u00abwar premium\u00bb on oil and gold prices when trading opens on Monday.<\/p>\n<p>Against this explosive backdrop, investors will analyze Purchasing Managers&#8217; Index (PMI) data from the US, China, and the Eurozone, while also awaiting the February US labor market report (Non-farm Payrolls), which will determine the Fed&#8217;s readiness to cut rates. In the UK, the focus will shift to the Treasury&#8217;s \u00abSpring Statement\u00bb on March 3, where Keir Starmer will attempt to stabilize confidence in the pound following political scandals. In Beijing, the \u00abTwo Sessions\u00bb will begin on March 4, where China will present an ambitious 15th Five-Year Plan with an emphasis on technological sovereignty. In the context of a new war in the Middle East, this could radically reshape global investment flows toward defensive and commodity assets.<\/p>\n<div class=\"ag-analytics_title\">Monday, March 02 <\/div>\n<div class=\"ag-analytics_title-list\">\n<p>On Monday, investors will focus on manufacturing sector business activity data across key economies. It&#8217;s a leading indicator of economic health. A value above 50.0 indicates industry expansion, and a value below 50.0 indicates contraction. A strengthening of the national currency usually accompanies the indicator&#8217;s growth. <\/p>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Manufacturing PMI (m\/m) at 00:00 (GMT+2); &#8211; AUD (MED)<\/li>\n<li>\u2013 Japan Manufacturing PMI (m\/m) at 02:30 (GMT+2); &#8211; JPY (MED)<\/li>\n<li>\u2013 German Retail Sales (m\/m) at 09:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 Switzerland Retail Sales (m\/m) at 09:30 (GMT+2); &#8211; CHF (MED)<\/li>\n<li>\u2013 Switzerland Manufacturing PMI (m\/m) at 09:30 (GMT+2); &#8211; CHF (LOW)<\/li>\n<li>\u2013 Eurozone Manufacturing PMI (m\/m) at 11:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 UK Manufacturing PMI (m\/m) at 11:30 (GMT+2); &#8211; GBP (MED)<\/li>\n<li>\u2013 Eurozone ECB President Lagarde Speaks at 16:00 (GMT+2); &#8211; EUR (LOW)<\/li>\n<li>\u2013 Canada Manufacturing PMI (m\/m) at 16:30 (GMT+2); &#8211; CAD (MED)<\/li>\n<li>\u2013 US ISM Manufacturing PMI (m\/m) at 17:00 (GMT+2); &#8211; USD (MED)<\/li>\n<li>\u2013 Australia RBA Gov Bullock Speaks at 23:10 (GMT+2). &#8211; AUD (LOW)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Tuesday, March 03<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The most critical events for Tuesday are the Eurozone CPI and the UK Annual Budget, which are poised to drive volatility for the EUR and GBP. With Eurozone inflation forecast to hold at 1.7%, matching or missing this expectation would likely reinforce the narrative of impending ECB rate cuts, applying downward pressure on the euro. Conversely, any upside surprise would force a market repricing of ECB policy, potentially providing the currency with a short-term lift. Simultaneously, the UK Annual Budget release will be closely scrutinized for fiscal guidance, with the OBR expected to forecast 1.4% growth for 2026. If the Chancellor signals tighter fiscal policy or reveals lower-than-anticipated growth projections, the British pound could face selling pressure as investors digest the impact on economic expansion and future Bank of England interest rate decisions. <\/p>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Japan Unemployment Rate (m\/m) at 01:30 (GMT+2); &#8211; JPY (MED)<\/li>\n<li>\u2013 Japan BOJ Gov Ueda Speaks at 06:00 (GMT+2); &#8211; JPY (LOW)<\/li>\n<li>\u2013 Eurozone Consumer Price Index (m\/m) at 12:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 UK Annual Budget Release at 14:30 (GMT+2). &#8211; GBP (MED)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Wednesday, March 04<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The most critical events for Wednesday are the US ISM Services PMI and the Swiss Consumer Price Index (CPI), as they provide high-impact signals for the USD and CHF amid shifting central bank expectations. For the US, the ISM Services PMI is forecast to remain steady at 53.8, indicating continued expansion in the largest part of the US economy. A reading that beats this forecast would likely strengthen the US Dollar (USD) by suggesting that inflationary pressures in services are sticky, potentially delaying Fed rate cuts. In Switzerland, the YoY Inflation Rate is expected to remain exceptionally low, hovering around 0.1%. Since this is well below the Swiss National Bank&#8217;s target range, any further stagnation or a dip into negative territory (deflation) would likely be seen as a green light for the SNB to cut rates further or intervene to weaken the currency. This would lead to downward pressure on the Swiss franc (CHF). Additionally, traders should keep an eye on Australia&#8217;s GDP (expected at 0.7% q\/q), as a miss could weaken the AUD by signaling that the RBA&#8217;s restrictive policy is finally beginning to stifle growth more than anticipated.<\/p>\n<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Services PMI (m\/m) at 00:00 (GMT+2); &#8211; AUD (MED)<\/li>\n<li>\u2013 Australia GDP (q\/q) at 02:30 (GMT+2); &#8211; AUD (MED)<\/li>\n<li>\u2013 Japan Services PMI (m\/m) at 02:30 (GMT+2); &#8211; JPY (MED)<\/li>\n<li>\u2013 China Manufacturing PMI (m\/m) at 03:45 (GMT+2); &#8211; CHA50, HK50 (MED)<\/li>\n<li>\u2013 China Services PMI (m\/m) at 03:45 (GMT+2); &#8211; CHA50, HK50 (MED)<\/li>\n<li>\u2013 Switzerland Consumer Price Index (m\/m) at 09:30 (GMT+2); &#8211; CHF (HIGH)<\/li>\n<li>\u2013 Eurozone Services PMI (m\/m) at 11:00 (GMT+2);  &#8211; EUR (MED)<\/li>\n<li>\u2013 UK Services PMI (m\/m) at 11:30 (GMT+2); &#8211; GBP (MED)<\/li>\n<li>\u2013 Eurozone Producer Price Index (m\/m) at 12:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 Eurozone Unemployment Rate (m\/m) at 12:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 US ADP Non-Farm Employment Change (m\/m) at 15:15 (GMT+2); &#8211; USD (MED)<\/li>\n<li>\u2013 US ISM Services PMI (m\/m) at 17:00 (GMT+2); &#8211; USD (MED)<\/li>\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+2); &#8211; WTI (HIGH)<\/li>\n<li>\u2013 Canada BOC Gov Macklem Speaks at 17:30 (GMT+2). &#8211; CAD (LOW)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Thursday, March 05<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>The most significant events for Thursday are the US Initial Jobless Claims and the Eurozone Retail Sales, as they provide direct insight into the health of the labor market and consumer demand. The consensus for Initial Jobless Claims is 216K, a slight increase from the previous week&#8217;s 212K. If the actual number exceeds this forecast, it would signal a cooling labor market, likely exerting downward pressure on the US dollar (USD) and bolstering the case for the Federal Reserve to consider a more accommodative stance.  In the Eurozone, Retail Sales for January are expected to show a year-on-year growth of 1.7%, recovering slightly from previous volatility but still reflecting cautious consumer behavior. A reading that falls below this mark would suggest that high borrowing costs are severely crimping domestic demand, which could weaken the euro (EUR). Additionally, traders should watch the US Natural Gas Storage report (forecasted at a -52 Bcf withdrawal), where a larger-than-expected draw, driven by late-winter cold snaps, could provide a bullish catalyst for Natural Gas (XNG) prices. In contrast, a smaller draw would likely keep prices sliding toward four-month lows.<\/p>\n<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul class=\"ag-analytics_list\">\n<li>\u2013 Australia Trade Balance (m\/m) at 02:30 (GMT+2); &#8211; AUD (MED)<\/li>\n<li>\u2013 Switzerland Unemployment Rate (m\/m) at 08:45 (GMT+2); &#8211; CHF (MED)<\/li>\n<li>\u2013 Eurozone Retail Sales (m\/m) at 12:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 Eurozone ECB Monetary Policy Meeting Accounts at 14:30 (GMT+2); &#8211; EUR (LOW)<\/li>\n<li>\u2013 US Initial Jobless Claims (w\/w) at 15:30 (GMT+2); &#8211; USD (MED)<\/li>\n<li>\u2013 US Natural Gas Storage (w\/w) at 17:30 (GMT+2). &#8211; XNG (HIGH)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Friday, March 06<\/div>\n<div class=\"ag-analytics_title-list\">The most important Friday\u2019s release is the US Nonfarm Payrolls report. This data can trigger increased market volatility, and the Fed also takes this indicator into account when adjusting monetary policy. The consensus forecast for February payrolls is 70K, following a stronger-than-expected 130K in January, while the Unemployment Rate is expected to hold steady at 4.3%. If the payroll figure exceeds expectations or the unemployment rate unexpectedly drops, it would signal a robust labor market that could justify the Fed keeping interest rates higher for longer, providing a significant boost to the US dollar (USD) and potentially weighing on gold and equities. Conversely, a print below 70K would confirm a cooling trend, likely triggering a USD sell-off as the market aggressively prices in rate cuts.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul>\n<li>\u2013 Eurozone ECB President Lagarde Speaks at 12:00 (GMT+2); &#8211; EUR (LOW)<\/li>\n<li>\u2013 US Retail Sales (m\/m) at 15:30 (GMT+2); &#8211; USD (MED)<\/li>\n<li>\u2013 US Nonfarm Payrolls (m\/m) at 15:30 (GMT+2); &#8211; USD (HIGH)<\/li>\n<li>\u2013 US Unemployment Rate (m\/m) at 15:30 (GMT+2); &#8211; USD (HIGH)<\/li>\n<li>\u2013 Canada Ivey PMI (m\/m) at 17:00 (GMT+2). &#8211; CAD (MED)<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, 2025.03.02<\/p>\n<p><a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/es\/register\/?sl=1\">Open Account<\/a><\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Week&#8217;s main events (March 02 \u2013 March 06) The upcoming week will be critical for global markets due to the coincidence of key economic releases and a sharp escalation in the Middle East. On February 28, 2026, the situation in the Persian Gulf shifted into a phase of open conflict: &#8230;<\/p>\n","protected":false},"author":21,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[189,331,337],"tags":[],"class_list":["post-12087","post","type-post","status-publish","format-standard","hentry","category-analytics","category-market-overview","category-weekly-overview"],"featured_image_src":"","blog_images":{"medium":"","large":""},"acf":[],"aioseo_notices":[],"ams_acf":[{"key":"icon","label":"Icon","value":false}],"_links":{"self":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/12087","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/comments?post=12087"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/12087\/revisions"}],"predecessor-version":[{"id":12089,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/posts\/12087\/revisions\/12089"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/media?parent=12087"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/categories?post=12087"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/es\/wp-json\/wp\/v2\/tags?post=12087"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}