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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. 26 – Mar. 1, 2024.
The entire week
- This week marks the beginning of the G20 meetings in Brazil. Despite the meetings being ‘closed’ to the press, many political and financial leaders take the opportunity to speak to the press outside of the meetings. News on changes to political agendas and international agreements can very often affect markets.
- The upcoming Bitcoin halving continues to be the big talk in the crypto world. As a result, all things crypto, not just BTC are seeing reaction. For those of us who are new to the idea of halving, here is an explanation courtesy of investopedia.com.
Tuesday, February 27
- U.S. Durable Goods Orders – 8:30 a.m.: A month-over-month look at the change in value of goods ordered from US manufacturers like automobiles and computers. A leading indication of whether industry will be ramping up production or scaling back.
- U.S. Conference Board Consumer Confidence Index – 10 a.m.: A monthly survey of average households ranking the overall state of their financial situation. A broad and general indicator of ground level economic health.
Wednesday, February 28
- U.S. Preliminary GDP – 2 p.m.: A second revision from the Advance GDP released. Gross Domestic Product is the highest level measurement of overall economic conditions.
Thursday, February 29
- German Consumer Price Index – all day: Data released from six different states throughout the day, reporting on the change in prices for common consumer items. Germany is one of the biggest economies in the European Union and thus has a dramatic impact on European related investments.
- Canadian GDP – 8:30 a.m.: A monthly release of the Gross Domestic Product for Canada. A high level measurement of Canada’s economic health.
- U.S. Unemployment Claims – 8:30 a.m.: The number of claims for unemployment benefits. An obvious indication of the labour market in the United States.
- RRSP contribution deadline: Deadline to contribute to your RRSP for your 2024 taxes.
Friday, March 1
- U.S. ISM Manufacturing PMI – 10 a.m.: Released by the Institute for Supply Management, the Purchasing Managers index is a survey rating the relative level of business conditions. This tends to be a leading indicator of economic and supply chain health.
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
