Economic data will take center stage, with several key reports scheduled for release. Investors will closely monitor February's Producer Price Index , February US retail sales, and Initial jobless claims for the week of March 8 — potentially influencing the Federal Reserve's decision-making regarding future interest rate cuts.
In addition to the slew of economic data, the earnings season will continue with reports from notable companies such as Dollar General and Rumble from former President Donald Trump. The commodity market is currently on a run, with prices of Gold , Silver , and Cocoa trading higher. Silver's relationship to gold may also serve as a useful economic indicator: historically, when silver outperforms gold it signals stagflation.
The leading cryptocurrency and the precious metal are both on winning streaks, but analysts say their simultaneous rises are something of a coincidence.Gas prices beginning to feel pre-summer jitters, rising in US Crude oil prices are on the swing up in the middle of this week on declines in US inventories and geopolitical tensions in Russia. Furthermore, gas prices are starting to move higher ahead of the American summer travel season. Yahoo Finance Senior Business Reporter Ines Ferré breaks down the price action for the key energy commodities. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
HALIFAX — A Nova Scotia judge approved an application Wednesday to protect Atlantic Canada's largest newspaper company from its creditors as SaltWire Network Inc. tries to emerge from insolvency with a restructuring plan.