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Finance Footnotes is a quick guide of finance news and events to watch out for 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. 12 – 16, 2024.
The entire week
- The Super Bowl tends to be a time for big announcements, which could help a company’s stock price climb. There’s also a theory that the outcome of the Super Bowl can predict the stock market’s direction.
- Bitcoin investors will be watching this week as prices rebounded last Friday after a recent dip. Speculation is that buying is ramping up in advance of an expected ‘halving‘ in April (a cut in half of the reward for mining).
Monday, February 12
- Bank of England Governor speaks – 1 p.m.: Andrew Bailey will be speaking at Loughborough University. Often markets can react to statements made by heads of central banks.
Tuesday, February 13
- UK Jobless Claims – 2 a.m.: The first monthly data reflecting the change in unemployment claims in the UK and a leading indicator of overall employment status. European and British investments could react to major changes.
- U.S. Consumer Price Index Data (monthly and annual) – 8:30 a.m.: This data shows the average change in price of goods and services for normal consumers. Especially important in the current climate and a leading indicator of inflation.
Wednesday, February 14
- UK Consumer Price Index Data (annual) – 2 a.m.: A year-over-year comparison of the cost of goods and services for the average consumer. Valuable data for overall economic health and an important metric for tracking inflation.
Thursday, February 15
- UK GDP (monthly) – 2 a.m.: Gross domestic product is a high level metric for tracking the overall health of an economy. British investments would likely watch this data.
- U.S. Retail Sales Data – 8:30 a.m.: The change in total retail sales (month-over-month). There is two sets of data, one that includes automotive sales and one that doesn’t.
- U.S. Unemployment Claims – 8:30 a.m.: The change in jobless claims filed. An obvious indicator of the labour market, and by extension, the ability of consumers to spend money on goods and services.
Friday, February 16
- UK Retail Sale (monthly) – 2 a.m.: The change in total retail sales (month over month).
- U.S. Producer Price Index (monthly) – 8:30 a.m.: The difference in price month-over-month of finished goods and services. There are two sets of data released, one of them excluding food and energy prices.
- U.S. Building Permits & Housing Starts – 8:30 a.m.: Perhaps not “market moving” data, but a good indication of the housing and real estate market’s direction.
- University of Michigan Consumer Sentiment – 10 a.m.: A survey conducted rating the economic conditions of the average household.
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 finance news you missed.
Photo by Burak The Weekender
