Here are some of the important economic data that will be the focus of the market throughout this week.
MONDAY (December 23, 2024)
Canadian GDP Data (9.30 PM) – Canadian economic growth will be scrutinized this week after inflation and retail sales readings were released last week. Monthly growth in October is forecast at 0.2%, slightly up from the previous.
US Consumer Confidence Data (11.00 PM) – A survey of households in the United States will assess the level of financial confidence that provides a picture of spending and economic activity.
TUESDAY (December 24, 2024)
US New Home Sales Data (11.00 PM) – The housing sector is one of the most important sectors affecting the American economy. The home sales rate in November is expected to record a slight increase after the figure fell below the 700K level previously.
THURSDAY (December 26, 2024)
US Jobless Claims Data (9.30 PM) – This week’s data will be scrutinized for clues on the labor sector. Last week’s claims are expected to be lower than the previous week.
FRIDAY (December 27, 2024)
Tokyo Inflation Data (7.30 AM) – The Bank of Japan decided to keep interest rates on hold at its meeting last week. The market will be evaluating the latest Tokyo inflation rate which will be published along with the unemployment rate data.
