As earnings season winds down, attention shifts to remaining corporate releases and key economic indicators, particularly the US inflation reading, which will offer insights into the global interest rate outlook.
Economic Data to Watch:
- Inflation Data: Thursday brings the core personal consumption expenditures (PCE) price index, the Federal Reserve’s preferred measure of inflation. Meanwhile, the University of Michigan 5-10 Year Inflation provides insight into long-term inflation expectations.
- Housing Market Indicators: The New Home Sales will reveal trends in the housing market, impacting related sectors like construction and home improvement. Additionally, the House Price Purchase Index will provide insights into housing market trends.
- Consumer and Business Spending Patterns: The Durable Goods Orders will indicate consumer and business spending patterns, influencing manufacturing and retail sectors. And the Consumer Confidence will reflect consumer sentiment and potential future spending.
- Economic Health: The GDP Price Index will provide insights into overall price levels in the economy.
- Manufacturing Sector Health: Manufacturing PMI and ISM Manufacturing data gauge the health of the manufacturing sector, impacting various industries.
Key Earnings Reports:
- Financial Sector: The Berkshire Hathaway Inc’s earnings result will give insight into investment sentiment and broader economic trends. Meanwhile, the Bank of Montreal and the Royal Bank of Canada will show banking sector performance.
- Technology Sector: Workday Inc is to look out for insights into enterprise software demand and business spending. Salesforce Inc will help present trends in cloud computing and business software adoption.
- Retail Sector: Lowe’s Companies Inc and TJX Companies Inc latest results will indicate consumer spending on home improvement and retail goods respectively.
- Real Estate and Communication Sector: As for American Tower Corp, the company will reflect trends in the real estate and communication infrastructure sectors.
Investors gear up for a critical week as US inflation figures and earnings from industry giants like Berkshire Hathaway, Salesforce, and Lowe’s spotlight market trends and economic health. Balancing these insights will be key to navigating potential market shifts and identifying investment avenues amidst ongoing volatility.
Disclaimer: ProsperUs Content Manager Hailey Chung doesn’t own shares of any companies mentioned.
