In global markets, all the attention is turned towards the non-farm payroll data to be released today in the US and the speech of Jerome Powell, the Chair of the Federal Reserve (Fed). Amid the ongoing dilemma of inflation and recession worldwide, adjustments made by the US to tariffs on its close trading partners reduce predictability in forming countries’ economic policies, prompting investors to adopt a cautious approach. Concerns persist about President Donald Trump’s tariffs on the US’s trading partners potentially disrupting the fight against inflation in the country, while today’s non-farm payroll data and Powell’s remarks at the Monetary Policy Forum at Chicago University will be at the center of investor focus. Analysts suggest that the non-farm payroll data might provide more insights into the evolving US economy amidst the tariff agenda, and anticipate that Powell, who has previously indicated not rushing to adjust the policy stance, will have cues about the Bank’s projections in his speech today. Expectations are highlighted in the pricing in the money markets that the Fed will cut interest rates in the first half of the year. Meanwhile, Trump signed an executive order for the establishment of the Strategic Bitcoin Reserve and the US Digital Asset Stock. David Sacks, the White House Artificial Intelligence and Crypto Czar, mentioned in his post that Trump fulfilled his promise to form the Strategic Bitcoin Reserve and Digital Asset Stock. On the macroeconomic data front, the number of first-time applicants for unemployment benefits in the US dropped to 221,000 in the week ending 1st March, below market expectations. Despite the decline in unemployment benefit applications, fears of a slowdown in the US economy persist. While the price of an ounce of gold closed at $2,909 with a 0.5% drop yesterday, it is currently trading at $2,910 with a 0.1% increase. The price per barrel of Brent crude oil started the day at $69.3, 0.2% higher than the previous close. Here are the data points to monitor in the markets today: 10.00 UK, February house price index 10.00 Germany, January factory orders 10.00 Turkey, March CBRT market participants survey 13.00 Euro Zone, 4th quarter Gross Domestic Product (GDP) 16.30 US, February non-farm payrolls 16.30 US, February unemployment rate 16.30 US, February average hourly earnings 17.30 Turkey, February treasury cash balance 20.30 Speech by Fed Chair Jerome Powell.