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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. 19 – 23, 2024.
The entire week
- Crypto traders will be watching Ethereum as last week showed a significant rally. Some suggest we may see further reaction of the ‘2nd place’ cryptocurrency, stemming from the upcoming Bitcoin halving, set for mid-April.
- After having a noticeable effect on the reach and profit of the Super Bowl, it’s speculated that the Australian leg of Taylor Swift’s current tour may generate around $1.2 billion in economic value to the Melbourne area alone! A shame Taylor Swift stocks are not something you can buy. It seems like everything she touches turns to gold.
Monday, February 19
- Family Day (parts of Canada): Family Day is not a federal holiday, but it is a stat holiday in Ontario. This means the Toronto Stock Exchange will be closed.
- Presidents’ Day (U.S.): American stock exchanges will be closed.
Tuesday, February 20
- Canadian Consumer Price Index – 8:30 a.m.: There are four sets of data released, some monthly and some annual. A leading indicator of inflation.
Wednesday, February 21
- U.S. Federal Open Market Committee Meeting Minutes Release – 2 p.m.: A record of the most recent meeting and the members’ sentiments that led to the vote on where to set the interest rate.
Thursday, February 22
- French & German PMI – 3:15 -3:30 a.m.: Purchasing Managers’ Index for two of the European Union’s biggest economies, France and Germany. As industry tends to react quickly to economic changes, this data can be a valuable leading indicator of economic health and inflation.
- UK PMI – 4:30 a.m.: British Purchasing Managers’ Index will be an indicator of business conditions and overall economic health in the United Kingdom.
- U.S. Unemployment Claims – 8:30 a.m.: The number of new unemployment claims from the previous week.
- U.S. PMI – 9:45 a.m.: American Purchasing Managers’ Index shows how business in the United States is rating the overall conditions and is a leading indicator of economic health and inflation.
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
