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Economic calendar: Key global market data and earnings reports for the next week


Economic calendar, news, financial news

(London time)

Monday, February 26


The upcoming Monday is expected to be relatively quiet in terms of significant macroeconomic data releases. However, the focus in the afternoon will shift to the United States where two key data points are scheduled for release. The Dallas Fed Manufacturing Index, an important indicator of the manufacturing sector's health in Texas, will be published. This index is closely watched as it can provide insights into the broader U.S. manufacturing sector.


Additionally, the U.S. will report on new home sales for the month of January, which is a critical indicator of the health of the housing market and has broader implications for consumer spending and confidence.


In the USA, the earnings season is nearing its end. However, Monday will be significant for investors who will be reacting to the weekend's announcement of earnings results from Berkshire Hathaway. This company, under the leadership of the renowned investor Warren Buffett, is a conglomerate holding diverse business interests, and its performance is often seen as a bellwether for the broader U.S. economy. The results could influence market sentiment and provide insights into various sectors of the economy.



Tuesday, February 27


The focus on Tuesday will shift globally, beginning with the release of inflation data from Japan during the night. Japanese inflation figures are a key indicator of the country's economic health and can influence the monetary policy decisions of the Bank of Japan. Following this, attention will turn to the Eurozone with the release of M3 money supply data at 09:00 AM. The M3 money supply includes a broader set of financial assets held by the public, and it's a crucial indicator for assessing liquidity in the Eurozone's economy, potentially influencing the European Central Bank's monetary policy.


In the afternoon, several important data points will come out of the United States. The Richmond Fed Index, which measures the health of the manufacturing sector in the Richmond Fed's district, will be released. This index is a valuable indicator of the manufacturing sector's conditions in the eastern U.S.


The Conference Board's Consumer Confidence Index, a key measure of consumers' optimism about the economy, will also be published. This index is closely monitored as consumer spending drives a significant portion of U.S. economic activity. Additionally, the number of orders for durable goods in January will be announced.



This data is an important gauge of manufacturing activity and future economic growth. In the evening, the focus will turn to the energy sector with the release of weekly oil inventory data by the American Petroleum Institute (API). This data provides insights into the supply and demand dynamics of the U.S. oil market.


Earnings reports from eBay and Beyond Meat will also be on the docket. eBay, the well-known e-commerce platform, and Beyond Meat, a company specializing in plant-based meat substitutes, are both significant players in their respective sectors. Their financial results can provide insights into online retail trends and the growing alternative protein market, respectively.


Wednesday, February 28


Wednesday will offer a mix of economic data and corporate earnings, giving investors much to consider. In the Eurozone, the Economic Sentiment Index will be released. This index is a composite measure of business and consumer confidence and is a leading indicator of the economic health of the Eurozone.


It can provide insights into the future economic activity and consumer behavior in the region. In New Zealand, the focus will be on monetary policy as bankers decide on interest rates. These decisions are crucial for the financial markets and can influence economic growth, inflation, and currency values.



The United States will be a hub of activity with the release of several important economic indicators. The first revision of the GDP data for the fourth quarter will be watched closely, as it offers a more accurate picture of the economic growth during that period. This revision can influence policymakers and investors' understanding of the U.S. economy's strength. The GDP deflator, a measure of inflation within the GDP, and the PCE inflation measure, which reflects changes in the price of goods and services consumed by households, will also be released.


These inflation indicators are critical for understanding the inflationary pressures in the economy and can influence the Federal Reserve's monetary policy decisions.


Additionally, data on the trade balance for January and the private consumption reading for the fourth quarter will be announced, providing further insights into the U.S. economy's health.



The day will also include the release of a government report on fuel inventories by the Energy Information Administration (EIA). This report, which is mandatory as opposed to the voluntary API report, provides a comprehensive view of the U.S. fuel supply and can have implications for energy prices and the broader economy.


Investors will also be watching for earnings reports from several major companies listed on Wall Street, including Salesforce, HP, Novavax, AMC, and Paramount. These companies span a range of industries, from technology to healthcare to entertainment, and their financial results can provide insights into the health of these sectors and the broader U.S. economy.


Thursday, February 29


Thursday promises a deluge of macroeconomic data, starting with the release of the PMI data from China during the night. China's PMI (Purchasing Managers' Index) is an essential indicator of the manufacturing sector's health and is closely watched as China is a major player in the global economy. The data, reported by Beijing, can have significant implications for global trade and economic growth.


The morning in Europe will bring a flood of preliminary inflation data from several key countries, including France at 8:45 AM, Spain at 08:00 AM, and Germany at 1:00 PM. Inflation figures are critical for understanding the cost pressures within these economies and can influence the monetary policy decisions of the European Central Bank.



Additionally, investors will receive revised and first readings of the fourth quarter GDP data from several countries. France will provide a revision of its data, while first readings will come from Canada and Switzerland. This GDP data is crucial for assessing the economic growth and stability in these countries.


Furthermore, analysts will be examining reports on January's retail sales and industrial production from Japan, Sweden, Australia, and Chile. These reports provide valuable insights into consumer behavior and the manufacturing sector's health in these diverse economies.


In the United States, several significant economic reports are scheduled for release. The PCE inflation measure for January will be closely monitored as it is the Federal Reserve's preferred inflation gauge and can influence its interest rate decisions. Data on citizens' expenditures will provide insights into consumer spending patterns, a key driver of economic growth.


Additionally, the weekly report on the number of unemployment benefit claims will be released, providing up-to-date information on the labor market's health.



Friday, March 1


Friday will be a critical day for economic data, with a focus on inflation, unemployment, and retail sales across several key economies. In the Eurozone, data on inflation and the unemployment rate will be released, providing a comprehensive view of the economic health and labor market in the region.


Switzerland will report on its retail sales, shedding light on consumer spending and economic activity in the country.


The day will be dominated by the release of leading industrial PMI indicators from the world's largest economies. This data is crucial as PMIs are forward-looking indicators that provide insights into the manufacturing sector's health and overall economic direction.


Overnight, data from Japan and China will be released, followed by morning releases from Germany, France, Spain, Italy, the Czech Republic, Hungary, Switzerland, and Sweden before 10:00 AM. These PMI readings will give a broad overview of the manufacturing sector's health in these significant economies.



In the afternoon, attention will turn to North America with reports concerning Canada and the USA. In the United States, the ISM manufacturing indices reading will garner particular attention. This index is a key indicator of the health of the U.S. manufacturing sector and can have significant implications for economic policy and market sentiment.


Additionally, the University of Michigan's index reading and Americans' inflation expectations will be published, providing insights into consumer sentiment and future inflation perspectives.


In Iran, a significant political event is scheduled for March 1st. Elections will be held for the Islamic Consultative Assembly, the Iranian parliament (Majles). These elections are particularly notable as they are the first since the widespread protests in 2022. The outcome could have implications for the country's political landscape and its relations with the global community.


25.02.2024



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