As we speak, financial markets are in a state of tension because they are eager to get their hands on the US non-farm payroll report for February. It is anticipated that the report will reveal an increase of around 160,000 jobs.

However, the previous data point showed that the growth of private sector payrolls had declined, with only 77,000 new jobs created. Hence, the investors are quite cautious in light of the possibility that the labor market might be negatively impacted due to the government spending cuts.

The euro is currently at a four-month zenith, after surpassing the U.S. dollar. Bank of America has indicated that the euro will be strong enough to reach $1.15 in the New Year.

In February, global food prices climbed up led by an increase in the prices of sugar, dairy products, and vegetable oils, as per the FAO. German economic situation has worsened, causing the order of factory products to decrease by 7% in January.

Stock indices in Europe which contain FWSE 100, are on the verge of a downturn this week. Ireland managed to reach a smaller number than was expected. The Chinese made an import error of 8.4% which could be a source of worry concerning the trade war, but on the other hand, the export increased slightly.

Donald Trump has hinted that the United States will raise import tariffs, which further adds to existing uncertainties in the market. On the one hand, European markets showed a lower opening, whereas Brent crude was facing a considerable downswing.

February saw housing prices in the UK fall, which is just one of many indicators of the slow economy. But the investors are still watching these and the incoming economic data that will be published.