Finance Footnotes is a quick guide of news and events to watch out for in the world of finance this week.
If you have investments or real estate, or if you trade stocks or currencies, these are some events and items to keep an eye on that could affect your money.
Here is the top finance news and events for the week of Jan. 15 – 19, 2024.
The entire week
- The World Economic Forum Commences: High level individuals from central banks and governments gather to discuss all manner of economic issues and policies. Announcements made during this conference can move markets.
- The continuing escalation in Yemen and the U.S. / UK led airstrikes could continue to impact global trade as well as oil prices.
- Earnings season continues and every day more companies are reporting their quarterly numbers. For a complete list, visit Yahoo Finance.
Monday, January 15
- Martin Luther King Jr. Day (U.S. bank holiday): American stock exchanges will be closed. Forex markets will be quiet during the NYSE time period.
Tuesday, January 16
- Canadian CPI (Consumer Price Index) Reports – 8:30 a.m.: This data will show the change in average price of goods and services. This is particularly important as it is the main indicator of changes in inflation.
- Chinese Industrial Production Data – 9 p.m.: This is the change in value of output by Chinese manufacturers. It’s important given China’s broad influence on the global economy.
Wednesday, January 17
- UK CPI (Consumer Price Index) Reports – 2 a.m.: This data will show change in average price of goods and services in the UK. This is an indicator of changes in inflation.
- U.S. Retail Sales Data (month over month) – 8:30 a.m.: This report shows the change in total value of retail sales. A great indicator of the overall health of the economy.
Thursday, January 18
- U.S. Unemployment Claims – -8:30 a.m.: The number of unemployment claims filed in the past week.
Friday, January 19
- U.S. Preliminary University of Michigan Consumer Sentiment Index – -10 a.m.: This data is derived from a survey of 500 consumers and may sometimes be a leading indicator of consumer trends.
This post is for informational purposes only and is not financial advice. All times indicated are in Eastern Standard Time (EST).
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Photo by Burak The Weekender