Economic Calendar for week starting 15Jul24 - Core retail sales news
Public Holidays
America, Hong Kong, Singapore and China do not have public holidays in the coming week.
Economic Calendar (15Jul24)
Notable Highlights
China’s GDP will be released in the coming week. This is an important reference for global consumption as China is one of the important global factories. If the result comes out lower than the 5.1% forecast, it could be bearish for the market.
Core Retail Sales and Retail Sales update will be released in the coming week. This speaks of the consumption in the USA. The USA is largely a consumer economy and a lesser than expected retail sales could bring some bearish impact.
Philadelphia Fed Manufacturing Index brings some understanding to the manufacturing sector. This is a prelude to the coming consumption.
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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