Key U.S. macro data to watch this week — volatility catalysts in play.

Monday

•ISM Manufacturing PMI (January)

Tuesday

•JOLTS Job Openings (December)

•JOLTS Quits Rate (December)

Wednesday

•ADP Employment Change (January)

•S&P Global Composite PMI, final (January)

•ISM Services PMI (January)

Thursday

•Initial Jobless Claims

Friday

•Non-Farm Payrolls (January)

•Unemployment Rate (January)

•Average Hourly Earnings (January)

•Preliminary University of Michigan Consumer Sentiment

Macro sets the tone. Price reacts.