Next Week's Macro Outlook: US and Israel Join Forces to Ignite the "Middle East Powder Keg", Nonfarm Payroll Data to Be Released on Friday

BlockBeats News, February 28, the US-Iran conflict has completely erupted today. Next week, the geopolitical tensions between the US and Iran will be full of uncertainties, and global markets will fluctuate amid a mix of high uncertainty and risk aversion sentiment.

Analysts point out: In addition to direct missile salvos, Iran's retaliatory measures may also include mining the Strait of Hormuz—this global oil trade chokepoint accounted for 30% of the world's seaborne oil trade last year. However, analysts believe that considering the economic impact on major oil-importing countries, Iran may be more inclined to direct proxies such as the Houthi forces or Iraqi Shia militias to launch precise attacks on regional energy infrastructure or US diplomatic institutions.

In addition to geopolitical situations, the main macro events next week are as follows:

Monday 22:45, US February S&P Global Manufacturing PMI Final; Monday 23:00, US February ISM Manufacturing PMI.

Tuesday 22:55, FOMC permanent voting member and New York Fed President Williams delivers a speech.

Wednesday 00:55, 2026 FOMC voting member and Minneapolis Fed President Kashkari delivers a speech; Thursday 03:00, the Federal Reserve releases the Beige Book on economic conditions; Wednesday 21:15, US February ADP employment numbers; Wednesday 22:45, US February S&P Global Services PMI Final; Wednesday 23:00, US February ISM Non-Manufacturing PMI.

Thursday 20:30, US February Challenger job cuts; Thursday 21:30, US initial jobless claims for the week ending February 28, US January import price index month-on-month; Thursday 23:00, US February Global Supply Chain Pressure Index.

Friday 21:30, US February unemployment rate, US February nonfarm payrolls (seasonally adjusted), US January retail sales month-on-month.