Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Oil Prices Slide on US-Iran Talks, Dollar Strength and Profit-Taking Pressure 
Federal Reserve Faces Subpoena Delay Amid Investigation Into Chair Jerome Powell 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
South Korea Assures U.S. on Trade Deal Commitments Amid Tariff Concerns 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
Lots of economic dockets and events scheduled for today and some with high volatility risks associated.
Data released so far:
- United Kingdom: BRC shop price index is down 1 percent y/y in February.
- Australia: Fourth-quarter GDP rose by 1.1 percent in the fourth quarter, up 2.4 percent from a year ago.
- Japan: Nikkei manufacturing PMI came at 53.3 in February.
- China: NBS manufacturing PMI came at 51.6 in February and non-manufacturing PMI came at 54.2. Caixin manufacturing PMI came at 51.7 in February.
Upcoming:
- United Kingdom: Nationwide house prices for February will be released at 7:00 GMT.
- Switzerland: UBS consumption indicator for January will be released at 7:00 GMT. SVME PMI report will be released at 8:30 GMT.
- Spain: Markit manufacturing PMI for February will be reported at 8:15 GMT.
- Italy: Markit manufacturing PMI for February will be reported at 8:45 GMT. Wage inflation will be reported at 10:00 GMT.
- France: Markit manufacturing PMI for February will be reported at 8:50 GMT.
- Germany: Markit manufacturing PMI for February will be reported at 8:55 GMT.
- Greece: Markit manufacturing PMI for February will be reported at 9:00 GMT.
- Eurozone: Markit manufacturing PMI for February will be reported at 9:00 GMT.
- United Kingdom: Markit manufacturing PMI for February will be reported at 9:30 GMT, along with mortgage approvals, money supply, and consumer credit report.
- Portugal: Fourth quarter GDP numbers and unemployment report will be released at 11:00 GMT.
- United States: MBA mortgage applications will be reported at 12:00 GMT, followed by personal income and spending data at 13:30 GMT. ISM manufacturing report will be released at 15:00 GMT. EIA will release crude oil inventory report at 15:30 GMT. FOMC member Kaplan will speak at 17:00 GMT and Brainard at 22:00 GMT. Fed will release Beige book at 19:00 GMT.
- Canada: BoC will announce interest rate decision at 15:00 GMT.
