Anasayfa Blog Daily News 5 things to know before the World Market opens 3th March 2022

5 things to know before the World Market opens 3th March 2022

by AgaBullion
5 things to know before the World Market opens  3th March 2022

3  March 2022 - Key global events on the horizon that could subtly shift or substantially shake up the financial markets

1.GDP Growth Rate YoY (Q4)  - Australia
Australia's economy is dominated by the service sector (65 percent of total GDP). Yet its economic success in recent years has been based on the mining (13.5 percent of GDP) and agriculture (2 percent of GDP) as the country is a major exporter of commodities. Other sectors include: manufacturing (11 percent) and construction (9.5 percent).                    

2 .RBA Chart Pack -Australia       
In Australia, interest rates decisions are taken by the Reserve Bank of Australia's Board. The official interest rate is the cash rate. The cash rate is the rate charged on overnight loans between financial intermediaries, is determined in the money market as a result of the interaction of demand for and supply of overnight funds.
                   
3 . Unemployment Change (FEB) - Germany
In German, unemployment change measures the absolut change in the number of unemployed people in the reporting month.
                   
4 . Core Inflation Rate YoY Flash (FEB) -Euro Area

In Euro Area, the core inflation rate is calculated using the weighted average of the Harmonised Index of Consumer Price (HICP) aggregates, excluding energy, food, alcohol & tobacco that face volatile price movements.
                  
5.   BoC Interest Rate Decision- Canada
        

In Canada, benchmark interest rate is set by the Bank of Canada's (BoC) Governing Council. The official interest rate is the Overnight Rate. Since 1996 the Bank Rate is set at the upper limit of an operating band for the money market overnight rate. Previously, from March 1980 until February 1996 the Bank Rate was set at 25 basis points above the weekly average tender rate for 3-month Treasury bills.
                

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