5 Major Developments to Follow in the Upcoming Week

5 major developments to follow in the upcoming week have been compiled.

Here's what to know before starting the new week:   1.Incentive Package in the USA The US Senate, which accepts President Biden's $ 1.9 trillion stimulus package, will send the bill to the White House on Tuesday. The package is expected to be signed before March 14th. As concerns subsided with the package, investors accepted the recent increase in bond yields, which raised 10-year Treasury yields to levels they had not seen since before the epidemic, as a sign of the possibility of harming inflation expectations. US Treasury Secretary Janet Yellen has stated that higher long-term Treasury returns are a sign of a stronger recovery in inflation.   2.USA Inflation Data Investors will carefully monitor the US inflation figures, which will be released on Wednesday and Friday. Last week, FED Chairman Jerome Powell said that even if prices rise as expected this spring, “I think we will be patient” and stated that monetary policies will not change until the economy is “well on its way to recovery”. This week, FED officials said the central bank will be in a period of traditional silence before the meeting on March 16-17. Other reports to follow this week include the first unemployment claims and consumer sentiment on Thursday.   3.Tech Shares It was stated that as a result of the decline of US technology stocks, investors are discussing whether this decline is an opportunity to take a bottom or a more painful sign for stocks that have driven the increase in the market for years. It was stated that taking advantage of the decline in giants such as Apple (NASDAQ: AAPL) and Amazon (NASDAQ: AMZN) was the winning strategy of the last decade. On the other hand, some market actors worry that this decline may take longer than previous lows. Last week, the Nasdaq showed its third consecutive weekly decline, but on Friday it reversed to close 1.6 percent higher. It has been noted that this is a sign that some bargain hunters may have already raided after a tumultuous week.   4.ECB Meeting The key development for the Eurozone will be the European Central Bank (ECB) meeting to be held on Thursday. ECB President Christine Lagarde will announce the bank's new quarterly forecast at a press conference following the policy meeting. In addition, the Eurozone will announce industrial production figures for January, which are expected to shrink.   5.UK will Announce GDP Figures The UK will announce its January growth figures on Friday. It is said that the data is more or less predictable as a result of the country's return to a complete quarantine and the shrinkage of trade due to Brexit effects. The general view is that GDP growth will be hit by shutdowns in the consumer service sectors.     Source: Investing.com