Read the key events to monitor for the week which starts on March 1, 2021.
The rapid rise in bond yields weighed on stocks last weeks and should be under scrutiny in the week ahead, if interest rates continue to respond to improving data.
On the Macro side, February’s US employment report will be the highlight of the week, and it is expected to show 218,000 payrolls, or four times as many jobs were created in February than in January.
Fed Chairman Jerome Powell speaks on the economy Thursday, and market pros are hoping to hear him address the runup in yields.
WEEK AHEAD CALENDAR
Monday
Market Holiday in South Korea for Independence Day.
Earnings: Zoom Video, MBIA, Ambac Financial, Hilton Grand Vacations, Inovio Pharma, Perrigo, Boingo Wireless, Tegna, NIO
Macro
US: Manufacturing PMI, ISM manufacturing, Construction spending
China: Chinese Manufacturing, Non-Manufacturing, and Composite PMIs, Chinese Caixin Manufacturing PMI
EU: German Manufacturing PMI, French Manufacturing PMI, Italian Manufacturing PMI, Eurozone Manufacturing PMI, U.K. Manufacturing PMI
Monetary policy
New York Fed President John Williams, Fed Governor Lael Brainard
Tuesday
EarningsTarget, Box, Hewlett Packard Enterprise, Nordstrom, Ross Stores, International Game Technologies, AutoZone, Kohl’s, Abercrombie and Fitch, Hovnanian
Macro
US: Vehicle salesEU: German Retail Sales, German Unemployment Change China: Chinese Caixin Services PMIJapan: Japanese Services PMI
Monetary policy Fed’s Brainard, San Francisco Fed President Mary Daly
Wednesday
Earnings
Wendy’s, Dollar Tree, Brown-Forman, Vivendi, Splunk, Marvell Tech, Snowflake, Vroom, American Eagle Outfitters
Macro
US: ADP employment, ISM services, Beige bookEU: German Services PMI, French Services PMI, Italian Services PMI, Eurozone Services and Composite PMIs, U.K. Services and Composite PMIs,
Monetary policyPhiladelphia Fed President Patrick Harker, Atlanta Fed’s Bostic, Chicago Fed President Charles Evans
Thursday
Earnings
Broadcom, Costco, BJ’s Wholesale, Gap, Burlington Stores, Ciena, Michael’s Cos, IMAX, Kroger, Cooper Cos
MacroUS: Initial jobless claims, Productivity and costs, Factory ordersE.U: Eurozone Unemployment Rate, Eurozone Retail Sales U.K: Construction PMI
Monetary policy:Fed Chairman Jerome Powell
Friday
Earnings
Big Lots
MacroUS: Non-farm payrolls, Labor participation rate, Unemployment rate, International trade, Consumer credit
Monetary policyAtlanta Fed’s Bostic
Source: CNBC, Investopedia.
