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 Feb. 5 – 9, 2024.
The entire week
- American Presidential campaigning is kicking into high gear. As frontrunners emerge, each candidate’s policies on finance and foreign relations will have a large impact on all markets.
- Middle East unrest continues to be a player in global economics and trade routes through the area. Volatility is continuing to be expected in some sectors, specifically oil.
Monday, February 5
- U.S. Non-Manufacturing ISM – 10 a.m.: The Institute for Supply Management releases a monthly report on business conditions, as reported by a survey of purchasing managers. This is often a leading indicator of economic health.
Tuesday, February 6
- Bank of Canada Governor Tiff Macklem speaks – 12:45 p.m.: Tiff Macklem is set to speak about monetary policy at the Montreal Council on Foreign Relations. Comments or questions answered could give investors insight into overall sentiment and clues toward future decisions, specifically on interest rates.
Wednesday, February 7
- U.S. 10 Year Government Bond Auction – 1:01 p.m.: Results of the auction can be used to gauge investors’ predictions on future interest rates.
Thursday, February 8
- U.S. Unemployment Claims – 8:30 a.m.: The change month over month in the amount of claims for unemployment filed. An obvious indicator of overall economic health.
Friday, February 9
- Canadian Employment Change and Unemployment Rate – 8:30 a.m.: The same data as released by the Americans the day prior, this is the monthly report on joblessness in Canada. Sustained positive data could be seen as an indication of an economy on the upswing.
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