Economic Calendar (17Jun24) - home sales and retail sales data

Public Holidays

Singapore celebrates Hari Raya Haji with our Muslim citizens on 17 June 2024.

Hari Raya Haji 2024 / Tarikh Cuti Sekolah KPM Sempena Aidiladha

America celebrates Juneteenth on 19 June 2024.

China and Hong Kong do not have public holidays in the coming week.

Economic Calendar (17Jun24)

Notable Highlights

  • For core retail sales and retail sales the market is expecting growth of 0.2% and 0.3% respectively. This is an important reference as retail accounts for about 8% of America's GDP.

  • Philadelphia manufacturing index will shed insight on how the manufacturing sector is doing. S&P global US manufacturing PMI sheds light on this manufacturing sector. A reading of above 50 is seen as expansion or growth.

  • S&P Global Services PMI reveals the demand for services.

  • Existing home sales will cast a light on the real estate market.

  • Initial jobless claims will also be key macro data that the Federal Reserve will look into as they ponder the next interest rate decision.

  • Crude Oil Inventories can be seen as forward indicators of market demand and consumption. If the trend of excess inventories continues, demand erosion can lead to reduced production & weakening consumer spending.

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# Macro Trend

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  • Nice analysis
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    • KYHBKO
      thank you. 
      06-19
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