Weekly News 02.03 — 06.03.2020


The list of important events of this week include Nonfarm Payrolls release, Interest Rate reports in Australia and Canada and the US Democratic Party primaries.

 

Major Events on the Economic Calendar

  • Germany releases Manufacturing Purchasing Managers’ Index (PMI) on March 2.
  • The Reserve Bank of Australia releases the Interest Rate decision on March 3.
  • Bank of Canada may change the interest rate on March 4.
  • The US releases Nonfarm Payrolls on March 6.

 

March 2. London-Brussels Talks.

The EU and the UK are to hold talks on new cooperation conditions, which will last until March 3. Recall that Britain withdrew from the European Union on January 31 but the transition period expires on December 3, 2020. The countries have to discuss different issues in detail, including trading relationship.

 

March 3. US Democratic Party Primaries in 14 States

The Democratic Party Presidential primaries are to be held in 14 US states. The participants will fight for their right to participate in the election in November 2020. Joe Biden led the recent polls in South Carolina. However, Senator Bernie sanders is now considered to be the Democratic presidential front-runner.

 

March 5. Putin-Erdogan Talks

On this day, Turkish President Tayyip Erdogan and his Russian Russian counterpart Vladimir Putin might hold talks. Kremlin has not confirmed this event but the Turkish leader mentioned it earlier. The relevance of the meeting increased after resumption of clashes between the government troops and Ankara-backed opposition forces.

 

March 6. OPEC+ Meeting

OPEC members and other major petroleum exporting countries including Russia hold a meeting on this day. The meeting has become very important against the background of the spread pf the Chinese coronavirus, which led to a sharp slowdown in economic growth. The oil producers might take some radical decision to keep the black gold prices.


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