Economic Calendar (07Oct24) - CPI results will be released this week
Public Holidays
China is closed on 7th Oct 2024 - last day of the Golden Week holiday.
Hong Kong is closed on 11th Oct 2024 - Chung Yeung Day.
There are no public holidays in the coming week in America and Singapore.
Economic Calendar (07Oct24)
Notable Highlights
The most watched macro-economic data will be that involving consumer price index (CPI) the market is expecting a year-on-year CPI of 2.3%. If the actual is better than the forecast, this should be bullish for the market.
The month on month PPI will be released in the coming week. This data reveals the price inflation that hits the producers. After hitting the producers, this inflation of cost would likely be passed on to consumers for price inelastic product.
The 10-year note auction and the 30-year bond auction will review the market sentiment towards bonds and equities the more the demand for bonds and the lesser will be the money flow available for stocks, equities and other asset classes.
Initial jobless claims will be announced. This is one of the important data references used by the Federal Reserve as they balance inflation and employment in the economy.
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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
- crtyn·10-07WowLikeReport