Key economic reports and events for the week ahead

33566 key economic reports and events for the week ahead

Russian’s special operation in the Donbas, which then spread to the whole of Ukraine, shocked the world community. The wave of risk aversion that began with the collapse of the Russian stock market also affected European and US equities, causing a moderate bearish pullback. Investors reduced their expectations of aggressive actions by central banks. Commodity prices, on the contrary, jumped due to fears that Western sanctions against Russia would affect commodity exporters and cause supply shocks.Nevertheless, reports began to appear on Friday that Russia and Ukraine could sit down at the negotiating table, which allowed the markets to breathe a sigh of relief. Commodity markets pulled back, gold and oil prices weakened. Major currency pairs won back part of the fall against the dollar.Next week, the focus of the markets will obviously remain on military operations in Ukraine, as well as the prospects for negotiations with the Russian Federation. This is the key to rapid de-escalation. From economic reports, attention should be paid to the ADP report on Wednesday and the NFP report on Friday. On Tuesday and Thursday, the interest rate decision will be made by the RBA and the Bank of Canada, all the attention on the assessment of geopolitical risks and their impact on policy. In addition, the head of the Fed, Powell, will speak on Thursday, and the ECB will release the minutes of the last meeting on the same day, which will clarify the prospect of the Central Bank to start tightening the screws in response to a marked increase in inflation pressures in first two months of 2022.

Source: Tickmill

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