*The U.S. yield curve displays a strongly negative image, which is rare in history. The difference between the 2-year and 10-year bond yields rose to 104 basis points. This keeps recession concerns alive in the US. Despite this divergence, US futures stock indexes do not fall sharply. On this side, we will pay attention to the data waiting for us such as Non-Farm and US inflation.

*As we approach the last trading day of the week, the only thing that matters will be the US Non-Farm Payrolls Report. While the expectation is around 205,000, the Unemployment Rate is 3.4% and the Average Hourly Earnings is 0.3% on a monthly basis. We would like to state that hourly earnings remain important.

*In the data released in the Asian session tonight, both producer and consumer inflation for February from China were announced as a strong decline. While monthly CPI was -0.5% and annual PPI was -1.4%, annual consumer inflation decreased from 2.1% to 1%.

*Weekly Unemployment Benefit Applications from the USA came in above expectations and this is a negative situation for the employment market. The data, which was announced as 190,000 last week, reached 211,000 this week.

Considering China, which wants to keep its annual inflation at 2%, this can be considered good news for the world. 0 For China, which has given up its Covid policy, it does not seem like an inflationary yet.

*Japan employees may receive the largest recent salary increase in their history since March 15. It is stated that 18 unions have combined and agreed with employers for an average salary increase of 5.28%. This situation has not been clarified yet, but it will be clear by March 15. With the wage hike, it will be understood how much Japan’s actual and expected inflation is for them.

This will show us how far the Bank of Japan will move away from its extremely loose monetary policy.