World’s Weekly Business Highlights: Feb 19-23, 2024

As we embark on a new week, the global financial landscape braces for a flurry of economic indicators and pivotal events.

From February 19th to the 23rd, 2024, investors and policymakers alike will be keenly watching as data unfolds across continents.

This guide provides a comprehensive overview of what to expect, offering a roadmap through the intricate web of economic activities slated for the week.

Monday, February 19, 2024:

• In the US, the calendar is clear of any major events.
• Europe looks to Spain for its January Trade Balance and Consumer Confidence data.
• Asia focuses on China’s 1-year and 5-year interest rates.
• Latin America eyes Brazil for the Focus Bulletin: a weekly market report from BCB and the December IBC-Br data.
• Central banks highlight a speech by Bundesbank’s Balz.

Tuesday, February 20, 2024:

• The US will release its January Leading Index and the non-manufacturing activity from the Philadelphia Fed.
• The Eurozone is set to disclose New Car Registrations for January, December’s Construction Activity, and Current Transactions.
• Asia’s attention turns to Japan’s Trade Balance and Hong Kong’s January Unemployment Rate.
• Latin America will look at Argentina’s January Trade Balance
• Earnings of the day include major companies like Walmart, Home Depot, and Carrefour.

Wednesday, February 21, 2024:

• The US expects Mortgage Applications and the Redbook Index.
• The Eurozone awaits Consumer Confidence for February, while France reports January
• Retail Sales and the UK its Public Finances for January.
• Asia observes Japan’s Manufacturing and Services PMI for February.
• Latin America reviews Mexico’s Retail Sales for December.
• Central banks will release the January FOMC minutes and feature speeches by key figures from the Fed and the ECB.
• Noteworthy earnings reports include Nvidia and Etsy.

Thursday, February 22, 2024:

• PMI indicators for February will come from the US, UK, Japan, Germany, France, and the Eurozone.
• The US will look at January’s Existing Home Sales and the Chicago Fed National Activity Index.
• The Eurozone presents its January CPI, with France discussing the Manufacturing Sector Confidence for February.
• Latin America’s focus will be on Mexico’s CPI for the first half of February and its Q4 GDP for 2023.
• Central bank minutes from the ECB and speeches from Fed officials are scheduled.
  Companies like Vale, Nestlé, and Moderna are set to announce their earnings.

Friday, February 23, 2024:

• Japan observes a holiday.
• The Eurogroup meeting will take place in Europe, with Germany reporting its Q4 GDP and Business Confidence for February, and the UK revealing its GfK Consumer
• Confidence and CBI Retail and Distribution Survey.
• Asia looks at China’s January New Home Prices.
• Latin America monitors Brazil’s February FGV Consumer Confidence and federal tax revenues.
• Central bank statements from the Fed, ECB, and BoE are expected.
• Earnings to watch include Deutsche Telekom, Allianz, and Warner Bros Discovery.

With a week packed full of critical economic indicators and high-profile meetings, the global markets are on the cusp of potential shifts and trends that could define the economic narrative for the coming months.

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