Here are some of the important economic data that will be the focus of the market throughout this week.
TUESDAY (February 20, 2024):
Canadian Inflation Data (9.30 PM) – Canada is set to publish its latest inflation report with a positive monthly inflation forecast for January.
THURSDAY (February 22, 2024):
FOMC Meeting Minutes (3.00 AM) – Investors will be watching for more details in the minutes to be published for the day's first FOMC meeting of 2024. Minute reports will affect the current movement of the US dollar.
European Manufacturing & Services PMI data (5.00 PM) – Assessing the current health of the economy, data readings on this important sector will be scrutinized by the market. In the previous month's reading and also the forecast, the figures still do not show expansion in Europe.
UK Manufacturing & Services PMI data (5.30pm) – In the UK, the PMI reading for the services sector is positively rising, but the manufacturing sector is still below contractionary levels.
US Manufacturing & Services PMI data (10.45 PM) – The forecast for the latest reading is positive, following on from last January's reading after both figures for the sector were above the 50.0 point level.
FRIDAY (February 23, 2024):
ifo German Business Survey (5.00 PM) – The business climate in Germany will be reviewed through the reading of this data which can give insight into economic forecasts, initial changes in sentiment that affect spending activities, investment and so on. The reading of this data will have an impact on the movement of the Euro currency at the end of the week.
