A full economic calendar for the week kicks off with worldwide PMI surveys and closes with the monthly US nonfarm payroll report. Sandwiched between are policy decisions from three of the world’s major central banks. The PMI surveys will be closely watched, having shown escalating risks of double dip recessions in the eurozone and UK as tightening COVID-19 restrictions constrain economies again, albeit to markedly lesser extents than in early 2020. Global growth has shown encouraging resilience though, thanks to sustained strong expansions in many other economies, notably including the US and China. The weak spot ... (full story)