The most important economic data and news expected next week

Next week from the US, investors will be closely monitoring PCE price indices
personal income and spending data, and speeches from various Federal Reserve officials.

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US data reports

Euro

US stocks

US data reports

Pivotal metrics such as the ISM Manufacturing PMI,
the second estimate of the GDP growth rate, durable goods orders,
consumer sentiment, and new and pending home sales will also be under scrutiny.
At the international level, attention will be drawn to inflation rates in Japan, Australia and the Eurozone.
Emphasis will also be placed on the GDP growth rates of Turkey, Switzerland and Canada.
Furthermore, manufacturing PMIs for pivotal countries
such as China, Russia, Switzerland and Canada will provide
insights into the health of their respective industrial sectors.
Finally, markets will await the interest rate decision from the New Zealand central bank,
and unemployment rates in Germany, Mexico, Japan and the Eurozone.

Euro witnessed strong gains during last week’s trading

The euro witnessed a rise in the European currency market on Friday against a group of global currencies,
as it maintained its gains for the eighth consecutive day against the US dollar,
and approached its highest level in three weeks.
The euro is preparing to achieve outstanding weekly performance in 2024,
given the decline in the possibility of a cut in interest rates in the eurozone next April.

These prospects declined this week after a series of positive economic data in the Eurozone,
and more hawkish statements from European Central Bank leaders,
reduced fears of widening the current interest rate gap between Europe and the United States.

US stocks await US consumer confidence

The markets are awaiting the release of the US Consumer Confidence data (CB),
which is scheduled to be released during next Monday’s trading,
as economists expect the upcoming numbers to vary to be consistent
with the previous reading of around 114.8, as an actual reading higher
than 114.8 will strengthen the position of stocks,
whose indicators are moving in positive pricing as a result of
the good numbers of corporate results and also
The strength of the labour market and the strength of the American consumer?

The most important economic data and news expected next week

The most important economic data and news expected next week

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