{"id":12219,"date":"2026-03-05T08:54:20","date_gmt":"2026-03-05T08:54:20","guid":{"rendered":"https:\/\/justmarkets.eu\/?p=12219"},"modified":"2026-03-05T08:54:22","modified_gmt":"2026-03-05T08:54:22","slug":"weekly-overview-2026-03-05","status":"publish","type":"post","link":"https:\/\/justmarkets.eu\/it\/analytics\/weekly-overview-2026-03-05\/","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 &#8220;Epic Fury,&#8221; 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 &#8220;war premium&#8221; 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 &#8220;Spring Statement&#8221; on March 3, where Keir Starmer will attempt to stabilize confidence in the pound following political scandals. In Beijing, the &#8220;Two Sessions&#8221; 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 China PBoC Loan Prime Rate at 03:00 (GMT+2); &#8211; CHA50, HK50 (HIGH)<\/li>\n<li>\u2013 UK Monetary Policy Report Hearings at 16:15 (GMT+2); &#8211; GBP (LOW)<\/li>\n<li>\u2013 US CB Consumer Confidence (m\/m) at 17:00 (GMT+2). &#8211; USD (MED)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Wednesday, February 25<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>On Wednesday, the most impactful data points are the Australia Consumer Price Index (CPI) and the Eurozone Final CPI readings. In Australia, the annual inflation rate is expected to remain sticky at 3.7%-3.8%, staying well above the RBA\u2019s 2-3% target range. Following Governor Bullock&#8217;s recent hawkish stance and a surprise rate hike to 3.85% earlier this month, a high reading would reinforce expectations of another hike in May. This would likely strengthen the AUD as market prices in a more aggressive RBA compared to other central banks. In the Eurozone, the final core CPI for January is forecast to be confirmed at 2.2%, marking a return to the ECB\u2019s target. While &#8220;final&#8221; readings often confirm the preliminary ones, any upward revision would be a significant &#8220;hawkish&#8221; surprise, potentially boosting the EUR by dampening hopes for immediate spring rate cuts. Conversely, confirmation of the cooling trend, combined with expected weak German GDP data (forecast at 0.3%-0.4% YoY) released earlier that morning, could weigh on the Euro, highlighting the stark contrast between falling prices and stagnant growth.<\/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 Consumer Price Index (m\/m) at 02:30 (GMT+2); &#8211; AUD (HIGH)<\/li>\n<li>\u2013 German GDP (q\/q) at 09:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 German GfK Consumer Confidence (m\/m) at 09:00 (GMT+2); &#8211; EUR (LOW)<\/li>\n<li>\u2013 Hong Kong Inflation Rate (m\/m) at 10:30 (GMT+2); &#8211; HKD (MED)<\/li>\n<li>\u2013 Australia RBA Gov Bullock Speaks at 10:40 (GMT+2); &#8211; AUD (LOW)<\/li>\n<li>\u2013 Eurozone Consumer Price Index (m\/m) at 12:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 US Crude Oil Reserves (w\/w) at 17:30 (GMT+2). &#8211; WTI (HIGH)<\/li>\n<\/ul>\n<div class=\"ag-analytics_title\">Thursday, February 26<\/div>\n<div class=\"ag-analytics_title-list\">\n<p>On Thursday, the primary focus shifts to the health of the US labor market and the energy sector with the US Initial Jobless Claims and Natural Gas Storage reports. Following a surprisingly strong drop to 206,000 in the previous week, jobless claims are forecasted to stabilize around 210,000. A result that remains near these multi-month lows would provide further evidence of a resilient labor market, reinforcing the &#8220;hawkish&#8221; narrative that the Federal Reserve has no immediate pressure to cut rates. This would likely strengthen the USD and put downward pressure on Gold and US Treasuries. In the energy markets, the EIA Natural Gas Storage report is expected to show a withdrawal of approximately 144\u2013148 Bcf. While this represents a seasonal decline, recent data show that inventories are starting to erase their deficit compared to the five-year average. A smaller-than-expected withdrawal would be seen as &#8220;bearish,&#8221; potentially driving Natural Gas prices down.<\/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 Eurozone ECB President Lagarde Speaks at 10:30 (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, February 27<\/div>\n<div class=\"ag-analytics_title-list\">A lot of economic news is expected on Friday. The market focus centers on the Tokyo Core CPI, Canada\u2019s GDP, and the US PPI. In Japan, Tokyo\u2019s Core CPI is forecasted to slow significantly to 1.7% from 2.0%, primarily due to government utility subsidies. This drop below the Bank of Japan&#8217;s 2% target would likely cool expectations for an April rate hike, potentially weakening the JPY. On the other side of the Pacific, Canada&#8217;s fourth-quarter GDP is expected to show moderate monthly growth of 0.1%, with the quarterly figure likely to be negative. A result in line with or above this forecast would indicate that the Canadian economy is weathering the period of high interest rates better than feared, which could provide support for the Canadian dollar despite recent trade uncertainty. But if the data turns out to be worse than expected, the Canadian could come under heavy pressure. In the US, the Producer Price Index (PPI) is forecast to rise 0.3% month-on-month, maintaining an annual growth rate of around 3.0%. After stronger-than-expected growth in service prices and core PPI last month (which reached 3.3%), markets are extremely sensitive to \u201cpersistent\u201d inflation. A higher-than-expected reading would signal that inflationary pressures are still spreading through the production chain, likely pushing up US Treasury yields and strengthening the dollar, as it would push back any Fed rate cuts to the second half of the year.<\/div>\n<div class=\"ag-analytics_title-list__strong\">Main events of the day:<\/div>\n<ul>\n<li>\u2013 Japan Tokyo Core CPI (m\/m) at 01:30 (GMT+2); &#8211; JPY (MED)<\/li>\n<li>\u2013 Japan Industrial Production (m\/m) at 01:50 (GMT+2); &#8211; JPY (LOW)<\/li>\n<li>\u2013 Japan Retail Sales (m\/m) at 01:50 (GMT+2); &#8211; JPY (MED)<\/li>\n<li>\u2013 Switzerland Retail Sales (m\/m) at 09:30 (GMT+2); &#8211; CHF (LOW)<\/li>\n<li>\u2013 Switzerland GDP (q\/q) at 10:00 (GMT+2); &#8211; CHF (MED)<\/li>\n<li>\u2013 Switzerland KOF Leading Indicators (m\/m) at 10:00 (GMT+2); &#8211; CHF (LOW)<\/li>\n<li>\u2013 German Unemployment Rate (m\/m) at 10:55 (GMT+2); &#8211; EUR (LOW)<\/li>\n<li>\u2013 German Consumer Price Index (m\/m) at 15:00 (GMT+2); &#8211; EUR (MED)<\/li>\n<li>\u2013 Canada GDP (q\/q) at 15:30 (GMT+2); &#8211; CAD (MED)<\/li>\n<li>\u2013 US Producer Price Index (m\/m) at 15:30 (GMT+2); &#8211; USD (HIGH)<\/li>\n<li>\u2013 US Chicago PMI (m\/m) at 16:45 (GMT+2). &#8211; USD (MED)<\/li>\n<\/ul>\n<p class=\"ag-analytics_text\">by <span class=\"author vcard\"><span class=\"fn\">JustMarkets<\/span><\/span>, 2025.02.23<\/p>\n<p><a class=\"ag-base-btn\" href=\"https:\/\/secure.justmarkets.eu\/it\/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":[187,329,339],"tags":[],"class_list":["post-12219","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\/it\/wp-json\/wp\/v2\/posts\/12219","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/users\/21"}],"replies":[{"embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/comments?post=12219"}],"version-history":[{"count":1,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/12219\/revisions"}],"predecessor-version":[{"id":12226,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/posts\/12219\/revisions\/12226"}],"wp:attachment":[{"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/media?parent=12219"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/categories?post=12219"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/justmarkets.eu\/it\/wp-json\/wp\/v2\/tags?post=12219"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}