BlockBeats News: On March 1st, geopolitical tensions between the U.S. and Iran next week will be full of uncertainties, and global markets will fluctuate amid high uncertainty and risk aversion. Aside from geopolitical issues, the main macro events next week are as follows:
Monday 22:45: U.S. February S&P Global Manufacturing PMI Final;
Monday 23:00: U.S. February ISM Manufacturing PMI;
Wednesday 21:15: U.S. February ADP Employment Change;
Thursday 03:00: Federal Reserve releases Beige Book;
Thursday 20:30: U.S. February Challenger Job Cuts;
Thursday 21:30: U.S. Initial Jobless Claims for the week ending February 28, and U.S. January Import Price Index MoM;
Friday 21:30: U.S. February Unemployment Rate, February Non-Farm Payrolls (seasonally adjusted), and January Retail Sales MoM.
In the U.S. stock market, the latest data shows that the Nasdaq Composite has failed to reach a new high for four consecutive months, and the S&P 500 and Nasdaq just experienced their worst month since March last year. This indicates that investors are deeply skeptical about the ability of AI technology to translate into actual profits, and Wall Street is trying to navigate through a turbulence led by tech stocks.
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