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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 March 11 – 15, 2024.
Tuesday, March 12
- UK Unemployment Change – 3 a.m.: The change month over month in the number of individuals making jobless claims. An obvious indication of economic health and tends to be strongly connected to consumer spending power.
- U.S. Consumer Price Index – 8:30 a.m.: Three different sets of data are released; two monthly CPI numbers, and one an annual figure. This is the change in average prices of consumer goods. An important number tied very directly to inflation.
- U.S. 10 Year Bond Auction – 1 p.m.: The yield numbers can be used to gauge investors’ overall outlook on future interest rates. A very good insight into investor sentiment.
- Mega Millions lottery draw – 11 p.m.: Tuesday’s Mega Millions lottery jackpot is an estimated $735 million US. Find out how you can play Mega Millions in Canada.
Wednesday, March 13
- UK GDP – 3 a.m.: Gross Domestic Product is one of the most high level numbers that lends insight into the overall health of the British economy.
- U.S. 30 Year Bond Auction – 1 p.m.: The yield numbers can be used to gauge investors’ overall outlook on future interest rates. Perhaps not as useful as the shorter term bonds, it still gives us a window into overall investor sentiment and confidence (or lack thereof) in the U.S. economy.
Thursday, March 14
- U.S. Producer Price Index – 8:30 a.m.: Similar to the CPI numbers released earlier in the week, but particularly highlighting the change in price of finished goods.
- U.S. Retail Sales Data – 8:30 a.m.: The monthly change in retail sales. An obvious indicator of consumer spending, and may be a leading indicator of economic recovery. When things are good, people spend money and buy things.
- U.S. Weekly Unemployment Claims – 8:30 a.m.: The number of individuals claiming for unemployment benefits.
Friday, March 15
- U.S. New York Manufacturing Index – 8:30 a.m.: A survey of roughly 200 manufacturers in New York state rating the overall state of business conditions. Conditions in NY can often be used as a good indicator of the way the entire country may be swinging.
This post is for informational purposes only and is not financial advice. All times indicated are in Eastern Time (ET).
Check out last week’s Finance Footnotes to see what you missed.
Photo by Burak The Weekender
