This Week's Macro Outlook: Non-farm Payrolls Data to Make a Big Impact, Precious Metals Trends May Influence Capital Flows

BlockBeats News, February 2 — There are few major macroeconomic events and data this week, but market disruptions may include the Bank of Japan’s January Monetary Policy Meeting Summary and U.S. Non-Farm Payroll Data, specifically as follows:

Monday: U.S. January S&P Global Manufacturing PMI Final, U.S. January ISM Manufacturing PMI; Bank of Japan releases January Monetary Policy Meeting Summary of Policy Board Members’ Opinions.

Tuesday: U.S. December JOLTs Job Openings; FOMC Voting Member for 2027 and Atlanta Fed President Bostic delivers a speech; Federal Reserve Board Member Bowman speaks.

Wednesday: U.S. API and EIA Crude Oil Inventories for the week ending January 30; France, Germany, Eurozone, UK January Services PMI Final; Eurozone January CPI Year-over-Year Preliminary, Eurozone January CPI Month-over-Month Preliminary, Eurozone December PPI Month-over-Month; U.S. January ADP Employment Change, U.S. January S&P Global Services PMI Final, U.S. January ISM Non-Manufacturing PMI.

Thursday: U.S. Initial Jobless Claims for the week ending January 31, U.S. January Global Supply Chain Pressure Index; FOMC Voting Member for 2027 and Atlanta Fed President Bostic participate in a monetary policy dialogue and Q&A session.

Friday: U.S. January Unemployment Rate, U.S. January Non-Farm Payrolls (Seasonally Adjusted); U.S. 2025 Non-Farm Employment Benchmark Revision Final (Not Seasonally Adjusted); U.S. February One-Year Inflation Expectation Preliminary; U.S. February University of Michigan Consumer Sentiment Index Preliminary.