Will Powell's Hearings Shake Financial Markets? - MMMK 030424
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 Published On Mar 1, 2024

In the upcoming trading week, earnings reports will be crucial with 431 companies, including CrowdStrike, Target, Neo, Nordstrom, JD.com, Dollar Tree, Broadcom, Costco, Marvell Technologies, Kroger, and DocuSign.

Bank of Canada's rate statement on Wednesday and ECB's on Thursday will influence global markets.

Jerome Powell's speeches this week, Wednesday and Thursday, will address monetary policy. Expect market volatility based on his comments regarding inflation, GDP, and unemployment. His appearances before the House Financial Services Committee and Senate Banking Committee could spark significant market movements.

Additionally, key job data will be released, including ADP non-farm employment change and JOLTS job openings on Wednesday, followed by standard unemployment claims on Thursday, and non-farm employment change and unemployment rate on Friday.

While expectations suggest a decline in non-farm employment change, uncertainties remain, emphasizing the importance of cautious market approach amidst potential volatility.

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