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. 22 – 26, 2024.
The entire week
- Bitcoin prices continue to be volatile after the recent launch of spot Bitcoin ETFs. Crypto traders are looking for a BTC price recovery after poor ETF performance.
- Once again, more earnings data from Q4 2023 as well as 2023 annual numbers are being released. For a list, visit Yahoo Finance.
- Tensions in the Red Sea continue to play a factor in oil markets. Expect to see price reaction as the conflict continues.
Monday, January 22
- Bank of Japan Monetary Policy Statement (time TBA): Traders of the Yen and those with Japanese based holdings will be watching this announcement for indications on the central banks approach to interest rates and the economy as a whole.
Wednesday, January 24
- French and German PMI (Purchasing Managers Index) Reports – 3:15-3:30 a.m.: Businesses are considered to be fastest to react to economic changes. These reports give a leading indication of economic health. France and Germany are two of the biggest economies making up the EU and play a big role in forecasting overall health of European economies. This will affect the euro as well as any stocks based in the European Union.
- UK PMI (Purchasing Managers Index) Reports – 4:30 a.m.: This will affect the pound as well as any UK based stocks.
- Bank of Canada Policy & Interest Rate Announcement – 9:45 a.m.: Policy and interest rate announcements are big news as they trickle down to lending rates, affecting investments, mortgage rates, and pretty well all financial elements in life.
- U.S. PMI (Purchasing Managers Index) Reports – 9:45 a.m.: The U.S. dollar as well as American stocks and indices will likely react to this.
Thursday, January 25
- European Central Bank Monetary Policy & Main Refinancing Rate Announcement – 8:15 a.m.: Not the main interest rate but very important to high level financial liquidity. Additionally, policy announcements from any central bank will have noticeable reactions. The ECB follows this data announcement with a press conference at 8:45 a.m.
- U.S. Advance GDP – 8:30 a.m.: The first and most influential report of Gross Domestic Product for the United States in 2024. This is a large indicator of overall economic health.
- U.S. Unemployment Claims – 8:30 a.m.: Large changes in this data obviously shows how the country is doing as a whole.
- U.S. New Home Sales – 10 a.m.: Real estate markets, and those invested in REITs, will be watching this. Currencies can also react to some extent.
Friday, January 26
- Core Monthly PCE (Personal Consumption Expenditures) Price Index – 8:30 a.m.: This data reflects the change in cost of items and services purchased by an individual (it excludes food and energy costs). Another good indicator of economic health and inflationary trends.
This post is for informational purposes only and is not financial advice. All times indicated are in Eastern Standard Time (EST).
Check out last week’s Finance Footnotes to see what you missed.
Photo by Burak The Weekender