ADP nonfarm employment change. USA, 15:15 (GMT+2) 06 Mar

06Mar.202414:15

ADP nonfarm employment change. USA, 15:15 (GMT+2)

At 15:15 (GMT+2) in the United States, February data on the number of nonfarm payrolls from Automatic Data Processing (ADP) will be published. They reflect changes in the number of jobs in the non-agricultural sector based on a survey of about 400.0K business sources. The indicator is considered a leading indicator of federal employment data. The value is expected to increase from 107.0K to 145.0K, supporting the American dollar.

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06 Mar. 2024 11:00

Retail sales. EU, 12:00 (GMT+2)

At 12:00 (GMT+2), January data on retail sales in the EU will be published. The indicator monthly records the totality of all goods sold by retailers, based on samples of retail outlets of different types and sizes. It is an important indicator of consumer spending and has a significant impact on a region’s gross domestic product. It is expected that the indicator will adjust from –1.1% to 0.1% MoM and from –0.8% to –0.9% YoY, supporting the euro.

06 Mar. 2024 16:00

Interest rate decision. Canada, 17:00 (GMT+2)

At 17:00 (GMT+2), the Bank of Canada will announce its interest rate decision. The regulator is expected to keep the value at 5.00%. The accompanying statement may contain an assessment of the current situation and immediate prospects for the Canadian economy, as well as hints on further actions by the financial authorities.

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