Weekly $SPY / $SPX Scenarios for March 3 – March 7, 2025

🔮 Weekly SPY / SPX Scenarios for March 3 – March 7, 2025 🔮

🌍 Market-Moving News 🌍:

🇺🇸📊 Anticipated U.S. Jobs Report 📊: The Bureau of Labor Statistics will release the February employment report on Friday, March 7. Economists expect an increase of approximately 133,000 nonfarm payrolls, with the unemployment rate holding steady at 4%. ​

🇪🇺💶 ECB Interest Rate Decision 💶: The European Central Bank is scheduled to announce its monetary policy decision on Thursday, March 6. Markets anticipate a 0.25% rate cut, which would adjust the deposit facility rate to 2.5%. ​

🇨🇳📈 China's Economic Targets 📈: During the National People's Congress, China is expected to set its economic growth target at around 5% for the year. The government may introduce measures to boost consumption and support growth amid global economic uncertainties. ​

📊 Key Data Releases 📊:

📅 Monday, March 3:

🏭 ISM Manufacturing PMI (10:00 AM ET) 🏭: This index measures the health of the U.S. manufacturing sector. A reading above 50 indicates expansion, while below 50 signifies contraction.​
📅 Wednesday, March 5:

🏢 ISM Services PMI (10:00 AM ET) 🏢: This index assesses the performance of the U.S. services sector, with readings above 50 indicating expansion.​
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📅 Thursday, March 6:

📉 Initial Jobless Claims (8:30 AM ET) 📉: Weekly data indicating the number of individuals filing for unemployment benefits for the first time.​

📦 Factory Orders (10:00 AM ET) 📦: This report details the dollar level of new orders for both durable and non-durable goods, providing insight into manufacturing demand.​

📅 Friday, March 7:

👷‍♂️ Nonfarm Payrolls (8:30 AM ET) 👷‍♂️: A key indicator of employment trends, reflecting the number of jobs added or lost in the economy, excluding the farming sector.​

📈 Unemployment Rate (8:30 AM ET) 📈: The percentage of the total workforce that is unemployed and actively seeking employment during the previous month.​

💵 Average Hourly Earnings (8:30 AM ET) 💵: This metric indicates the month-over-month change in wages, providing insight into consumer income trends.​

⚠️ Disclaimer: This information is for educational and informational purposes only and should not be construed as financial advice. Always consult with a professional financial advisor before making investment decisions.⚠️​

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