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Global economic insights and corporate earnings: April 15-19, 2024


economic calendar for upcoming week, financial news

(London time)


Monday, April 15


On Monday, the economic focus will shift to Slovakia where the inflation data for March will be unveiled, providing insights into the country's economic stability and price movements. This will be followed by Eurostat, the statistical office of the European Union, releasing information on industrial production within the eurozone and retail sales figures, although the latter will pertain to data collected in February. These statistics are anticipated to have a negligible impact on financial markets.


Later in the afternoon, attention will turn to the United States, where retail sales data for March will be announced. Additionally, the U.S. will release important economic indicators such as the NAHB housing market index and the NY Empire State manufacturing index, providing a broader view of the economic health in different sectors.



More attention, however, will be directed towards the burgeoning earnings season on Wall Street. The financial community eagerly anticipates the reports scheduled for release on Friday by major financial institutions and corporations like Goldman Sachs, Charles Schwab, and M&T Bank. These reports are likely to offer valuable insights into the financial sector's performance and broader economic trends.


Tuesday, April 16


Tuesday's data releases will start with Beijing's statisticians presenting a comprehensive package of economic data. This will include the GDP growth rate for the first quarter, with market consensus predicting a 4.6% growth, suggesting a steady economic expansion. Additionally, detailed figures on March retail sales, investments in urban agglomerations, and property prices will be disclosed. These indicators are crucial for assessing consumer confidence and the investment landscape in China’s rapidly urbanizing areas.


Throughout the subsequent hours, a variety of significant economic data will reach investors globally. This includes the eurozone's foreign trade balance and data from the UK labor market, which are important indicators of economic health and workforce dynamics. The ZEW economic sentiment index, along with U.S. data on the number of building permits issued and new residential constructions started, will also be released. These indicators provide insights into future economic activity and construction sector vitality. Furthermore, U.S. industrial production data will be shared, offering a snapshot of manufacturing health and output.



Meanwhile, major U.S. banks such as Bank of America, Morgan Stanley, and Bank of NY Mellon will disclose their first-quarter results for the year 2024. These results are closely watched as they can significantly influence market sentiments. Additionally, a performance report from European luxury giant Louis Vuitton will be scrutinized for signs of consumer spending trends in the luxury sector.


Wednesday, April 17


Wednesday offers a chance to review inflation trends with new data from the United Kingdom and the European Union, which could influence monetary policy decisions in these regions. Japan’s foreign trade data will also be in focus, especially considering the global economic interdependencies and trade dynamics.


In the context of persistent high oil prices, the U.S. government's Energy Information Administration (EIA) will release its regular report on fuel inventory levels. This report is essential for understanding energy market dynamics, given the mandatory nature of EIA's surveys and the optional API reports that provide additional market insights.


On the global stage, technology company ASML will also release its financial results, potentially impacting tech sector stocks and investment strategies.



Thursday, April 18


The day will feature several significant economic indicators from the United States, including the Philadelphia Fed business outlook survey, which assesses the manufacturing sector's health in the mid-Atlantic region. Additionally, the Conference Board will release its Leading Economic Indicators index, a composite of data points that predict future economic activity. Moreover, updated statistics regarding the secondary housing market sales will provide further insights into the real estate sector's condition amid changing economic circumstances.


Entertainment and media company Netflix is also slated to publish its earnings report, which is highly anticipated by investors and analysts alike as it provides a gauge of consumer discretionary spending and the health of the entertainment industry.



Friday, April 19


The week concludes with significant economic data releases internationally. This includes new information on inflation in Japan and retail sales figures in the United Kingdom, both of which are critical for understanding the economic conditions in these major economies. On Wall Street, notable earnings reports from Procter & Gamble and American Express are expected. These reports are pivotal as they not only reflect the companies' performances but also provide broader insights into consumer behavior and credit market conditions.


13.04.2024



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