To The Moon

Public Holidays

In the coming week, there will be no public holidays in America, China, Hong Kong, and Singapore.

Economic Calendar (24Feb2025)

Macro Calendar from investing dot com

Notable Highlights

• The Core PCE price index will be the most watched data point in the coming week. The Federal Reserve uses this as its preferred reference for inflation. This data point is important in making the coming interest rate decision, which can bring volatility to the market.

• China’s Manufacturing PMI will be released next week. China accounts for about 33% of global manufacturing, which can also be considered global consumption.

• Chicago PMI data will be released. The index reading of 39.5, from the previous news reflects a strong contraction in Chicago's manufacturing sector. A figure above 50 represents growth. Can Chicago stop its manufacturing decline?

• CB consumer confidence data will be released in the coming week. This is a good indication of consumer outlook. An amount of more than 100 is bullish for the market. Together with Durable goods orders, this provides a prelude to consumer consumption.

• New Home Sales data will be shared. This reflects the health of residential real estate.

• Initial jobless claims will be announced. The Federal Reserve uses this as one of the key macro data references as it balances inflation and employment in the economy.

• Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.

@TigerStars

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