Get ready for an exciting and action-packed week ahead as a series of high-impact economic releases are set to hit the headlines!
The upcoming releases include vital indicators such as the US Core Durable Goods Orders, the CB US Consumer Confidence Index, the ISM US PMI, and more.
These reports provide valuable insights into the state of the economy and can significantly impact financial markets. Investors, traders, and policymakers will anticipate these reports as they assess their potential impact on trading assets.
Here are 5️⃣ major events to watch this week 👇
United States Core Durable Goods Orders m/m – Monday, February 27th
📅 The United States Core Durable Goods Orders (m/m) released Monday, February 27 at 15:30 (GMT +2).
📌 This economic report is a key indicator of the health of the US manufacturing sector and provides insight into the country's overall economic performance. The durable goods orders report is crucial because it also provides a glimpse into the level of business investment in the economy, which can significantly impact future economic growth.
📊 According to the release, new orders for key US Manufactured Capital Goods increased by the most in five months in January while shipments of those so-called core goods rebounded, suggesting that business spending on equipment picked up at the start of the first quarter.
📈 Core capital goods orders increased 0.8%
📈 Core capital goods shipments surged 1.1%
📈 Durable goods orders dropped 4.5%
📈 Pending home sales increased 8.1%
The surge in orders is at odds with business surveys that have suggested manufacturing, which accounts for 11.3% of the economy, was in recession. Business sentiment soured as the U.S. central bank aggressively raised interest rates.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
The Conference Board US Consumer Confidence Index – Tuesday, February 28th
📅 US CB Consumer Confidence will be released on Tuesday, February 28 at 17:00 (GMT+2).
📌 The Conference Board US Consumer Confidence Index is an important leading indicator for the US economy as consumer spending makes up the majority of GDP. This highly anticipated economic report measures consumers' confidence level in the economy and their own financial well-being.
🤔 Investors and traders will watch this release closely as it can potentially move financial markets. A strong reading could lead to a rally in equities, while a weak reading could cause a sell-off. Additionally, policymakers pay close attention to the Consumer Confidence Index as it can provide valuable information on consumer sentiment, which can guide economic policies.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
ISM US Manufacturing Purchasing Managers Index (PMI) – Wednesday, March 1st
📅 On Wednesday, March 1, the ISM US PMI will be released at 17:00 (GMT+2).
📌 The ISM US Manufacturing Purchasing Managers Index (PMI) is one of the most closely watched economic indicators in the United States that measures the level of business activity in the manufacturing sector, which accounts for a significant portion of the US economy.
🤔 This release is important because it provides valuable information on the state of the manufacturing sector and can be a leading indicator for the broader economy. Investors and traders will eagerly await the ISM US Manufacturing PMI data as it can significantly impact financial markets. A stronger-than-expected reading could lead to a rally in equities, while a weaker-than-expected reading could cause a sell-off.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
European Union Flash Consumer Price Index (CPI) m/m – Thursday, March 2nd
📅 On Thursday, March 2, the EU Flash Consumer Price Index (CPI) m/m will be released at 12:00 (GMT+2).
📌 The European Union Consumer Price Index is an important leading indicator for financial markets, as it can significantly impact currency values ($EUR), European bond yields, and equity prices. The Flash estimate of the EU Consumer Price Index (CPI) is released by Eurostat about two weeks before the final CPI release. It is based on a preliminary set of data and is intended to provide an early indication of inflation trends in the Eurozone.
🤔 A higher-than-expected reading on the CPI can indicate rising inflation, leading to higher interest rates and potentially dampening EU economic growth. Conversely, a lower-than-expected reading may suggest that inflation is not a concern, leading to lower interest rates and increased economic growth.
Assets potentially to be affected: $EUR and $EU Stocks 🇪🇺
US ISM Non-Manufacturing Purchasing Managers Index (PMI) – Friday, March 3rd
📅 US ISM Non-Manufacturing PMI will be released on Friday, March 3, at 17:00 (GMT +2).
📌 The US ISM Non-Manufacturing Purchasing Managers Index (PMI) report is fast approaching. This report measures the level of business activity in the non-manufacturing sector, including healthcare, education, and financial services. It accounts for a large portion of the US economy!
🤔 Investors and traders will be closely watching the release of the ISM Non-Manufacturing PMI as it can significantly impact financial markets, including US Stocks and US Dollar. At the same time, a strong reading could lead to a rally in equities, while a weak reading could cause a sell-off.
Assets potentially to be affected: $USD and $US Stocks 🇺🇸
That's it for this week! 👋
