📆 Monday, March 4
► European stock futures saw a strong start into the week, led by a surge in technology shares. This optimism in the market is set against a backdrop of major upcoming events, including Federal Reserve Chair Jerome Powell's testimony to Congress and the commencement of China's National People's Congress. Markets are also on watch for the ECB meeting outcomes, with European markets currently 0.3% up (Stoxx 600) as traders await further directions. Bond yields adjust slightly in anticipation of policy decisions.
► In the US, the stock market's performance was robust on Friday, with the S&P 500 recording its 15th high of the year, thanks in part to the tech sector's resurgence. The Nasdaq 100 enjoyed strong gains, climbing by almost 1.5%. This positive momentum is a reflection of investors' growing confidence in the technology sector's prospects. Looking ahead to this week, the focus remains on Jerome Powell's congressional testimony and a slew of economic data releases (NFP data, Unemployment Data, ETC). These include jobs data in the US, which along with Powell's comments, could significantly influence market expectations regarding the Federal Reserve's future interest rate decisions.
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