In global markets, today’s focus is on the non-farm payroll data to be released in the US and the speech by Jerome Powell, Chairman of the Federal Reserve (Fed). As the inflation-recession dilemma continues globally, adjustments made by the US to tariffs on close trading partners reduce predictability in countries’ economic policies, prompting investors to adopt a cautious stance. Concerns persist regarding President Donald Trump’s tariffs on US trading partners potentially disrupting the fight against inflation in the country, placing today’s release of non-farm payroll data and Powell’s statements at the Monetary Policy Forum at the University of Chicago at the center of investors’ attention. Analysts suggest that the non-farm payroll data could provide more insight into the evolving US economy amidst tariff agendas, while noting that Powell, who previously indicated no rush in adjusting the policy stance, will be scrutinized for clues on the Bank’s projections in today’s speech. Expectations are prominent in the price actions in money markets for a rate cut by the Fed 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 AI and Crypto Czar, mentioned in a statement that Trump fulfilled his promise to establish the Strategic Bitcoin Reserve and Digital Asset Stock. On the macroeconomic data front, the number of initial jobless claims in the US for the week ending March 1 fell to 221,000, lower than market expectations. Despite the decline in jobless claims, fears of slowdown in the US economy persist. While the price of an ounce of gold closed at $2,909 yesterday with a 0.5% decrease, 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. The data to be monitored in the markets today are as follows: 10.00 UK, February house price index 10.00 Germany, January factory orders 10.00 Turkey, March CBRT market participants survey 13.00 Eurozone, 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 Chairman Jerome Powell