This week's macro outlook: WTI crude oil has jumped more than 20%, breaking through $110. Energ

Oil Steals the Show: WTI Tops $110 as Markets Brace for CPI, PCE, and Job Data

Forget the economic calendar for a second—oil is running the show. WTI crude opened Monday with a 20%+ surge, blasting through $110 a barrel. That shift is now dictating flows in the Treasury market and pushing everything else to the sidelines. But the data still matters. Here's what to watch this week (all times Beijing).

Monday, March 9
23:00 – NY Fed 1-Year Inflation Expectations (Feb)

Wednesday, March 11
20:30 – CPI (Feb) – headline, core, monthly and yearly
Also: API and EIA crude inventories, OPEC monthly report

Thursday, March 12
IEA monthly oil market report

Friday, March 13
15:00 – UK GDP, manufacturing/industrial output, trade balance (Jan)
20:30 – Core PCE, personal spending, Q4 GDP revision, durable goods (Jan)
22:00 – JOLTs job openings, Michigan sentiment and inflation expectations (Mar)

Earnings to watch: Oracle (ORCL.N) reports after Tuesday's market close.