This week, the Brazilian economic agenda features a empty scenario, with few prominent events. Attention will turn to the dissemination of US labor market indicators.
One of the main points to note is the dissemination of the Focus report, which is an important tool for understanding market expectations for inflation and interest rate.
In addition, the economy’s uncertainty indicator, also to be disclosed, may reflect the business climate and expectations of entrepreneurs on the future.
Already in the agenda of international indicators, the attention of the week will be focused on work data in the US, which are crucial to understanding the dynamics of the labor market and its implications for the Federal Reserve’s monetary policy.
The ADP report, which anticipates Payroll numbers, and Jolts data and brings data from the private labor market, will be fundamental to assess the strength of the American labor market. These data are particularly relevant at a time when the Fed is considering its next actions regarding interest rates, and any sign of heating or deceleration can impact future decisions.
Finally, the release of the employment report, known as Payroll, at the end of the week, will be the highlight. The numbers are expected to reveal the creation of 100,000 new vacancies and the unemployment rate, offering a clear view of the health of the US labor market.
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In addition to events in the United States, China will also play an important role in the economic agenda of the week, with the dissemination of CAIX -composed PMI index. This indicator is critical to evaluate the economic activity of the Chinese private sector, covering both industry and services.
AGENDA OF THE WEEK:
Monday, 31
- 08:25 – Brazil: BCB: Focus Report (weekly)
- 10:15 – Brazil: FGV: Economy uncertainty indicator
- 03:00 – Germany: Retail sales (Feb)
- 07:00 – Germany: Consumer Price Index – Preliminary
- 14:00 – Colombia: Central Bank will announce monetary policy decision 9.50%
Tuesday, 01
- 08:00 -Brazil: FGV: IPC-S (weekly)
- 08:00 – Brazil: FGV: Business Confidence Index
- 04:55 – Germany: Global S&P: PMI Industry PMI Index – Final
- 05:00 – EURO area: Global S&P: Transformation Industry PMI Index – Final
- 06:00 – EURO AREA: Consumer Price Index – Preliminary
- 06:00 – EURO area: unemployment rate
- 10:45 – USA: Global S&P: Transformation Industry PMI Index – Final
- 11:00 – USA: BLS: JOLTS – Open Vacancies Stock (Feb)
- 12:00 – Mexico: Remittances abroad (Feb) $ 4540 million
- 15:00 – Mexico: IMEF: Manufacturing Index
Wednesday, 02
- 05:00 – Brazil: Fipe: IPC
- 09:00 – Brazil: IBGE: Regional Monthly Industrial Survey (Feb) 0.30% (m/m)
- 09:00 – Brazil: Fenabrave: Vehicle Places
- 14:30 – Brazil: BCB: Currency Flow (weekly)
- 22:45 – China: Candy: Compound PMI Index
Thursday, 03
- 08:00 – Brazil: FGV: antecedent indicator of employment
- 10:00 – Brazil: S&P Global: Compound PMI Index – Final
- 04:55 – Germany: S&P Global: Composite PMI Index – Final
- 05:00 – EURO area: S&P Global: Composite PMI Index – Final
- 06:00 – EURO AREA: Producer Price Index (Feb)
- 09:00 – Mexico: Investment in Fixed Capital (Jan)
- 09:00 – Mexico: Private Consumption (Jan)
- 09:30 – USA: Trade Balance (Feb)
- 09:30 – USA: Requests for Unemployment Assistance (weekly)
- 10:45 – USA: S&P Global: Compound PMI Index – Final
Friday, 04
- 08:00 -Brazil: FGV: IGP-DI
- 09:30 – USA: Unemployment Rate
- 09:30 – USA: Employment Report – Creation of vacancies 100 thousand
- 12:25 – USA: Fed: J. Powell’s speech
- 15:00 – Brazil: Secex: Commercial Balance (Sea) US $ 8.5 BI
