Next week's macro outlook: The US-Iran conflict will reach a key turning point, and the central banks of Japan and the US may signal interest rate hikes.

BlockBeats news, on March 29, the conflict between the U.S. and Iran has lasted a whole month, and the coming week will still be full of uncertainties and black swan events. Whether peace talks or escalation of conflict takes place, every small step will affect the market’s tense nerves. Besides the geopolitical conflict, the Bank of Japan and the Federal Reserve will present their interest rate hike expectations, and the U.S. non-farm employment data will also have a significant impact on market liquidity expectations, as detailed below:

On Monday at 07:50, the Bank of Japan will publish a summary of the opinions from the Monetary Policy Meeting held in March;

On Tuesday at 04:00, New York Fed President Williams will give a speech;

On Wednesday at 00:00, Chicago Fed President Goolsbee will deliver opening remarks at an event hosted by the bank;

On Wednesday at 23:00, FOMC voter for 2026 and Dallas Fed President Logan will give a speech;

On Thursday at 20:30, the number of initial jobless claims in the U.S. for the week ending March 28, and the U.S. trade balance for February will be released;

On Friday at 20:30, the U.S. unemployment rate for March, the seasonally adjusted non-farm employment figure for March, the year-on-year average hourly wage for March, and the month-on-month average hourly wage for March will be published;

On Friday at 21:45, the final value of the U.S. March S&P Global Services PMI will be released.

Finally, on April 3 (Friday), the New York Stock Exchange (NYSE) and Nasdaq will be closed all day; trading in precious metals and U.S. crude oil futures will be suspended all day; stock index futures will end early (Beijing time 21:15); foreign exchange and U.S. treasury futures will end early (Beijing time 23:15); Brent crude oil futures will be suspended all day.