Global stocks markets ended on a strong bearish note on Friday after financial regulators shut down one of the leading lenders in the United States, the Silicon Valley Bank (SVB). Meanwhile, the most awaited US jobs report showed on Friday the US economy added 311,000 jobs in February, more than the consensus estimate of 225,000 but the unemployment rate rose from 3.4% to 3.6%.
This week all eyes will be on the US inflation data, which could reinforce expectations of a bigger rate hike later this month. The important economic events to watch are the European central bank rate decision, US retail sales, PPI and Michigan Consumer Sentiment Index for March.
On the earnings front, the companies scheduled to release their last quarter financial results this week will be Adobe, Xpeng and FedEx.
Check out the detailed market report here - https://gulfbrokers.com/en/weekly-review-gold-usd-eurusd-and-dow-jones-71