Intense week in the markets, with investors very aware of different macro data that we are knowing. Investing.com Spain intervened yesterday in the online program of finance and markets Krolus TV. Laura Sánchez, editor-in-chief of Investing.com Spain, participated in the program presented and hosted by José Basagoiti to analyze the current situation of the financial markets.
1. U.S. Data
This week, investors will get new data on the strength of the economy, including reports on Durable goods orders, Consumer confidence and Home Sales. ISM Sector Reports manufacturer and of the services corresponding to February will be published on Wednesday and Friday, respectively.
2. Hard landing?
After a strong performance in January, stocks have retreated this month as a series of economic data has fueled expectations that the Federal Reserve will have to raise interest rates and keep them high for longer than expected.
Wall Street’s major indexes post their biggest weekly drop of 2023 following Friday’s heavy losses. For the index Dow Jones Industrial Average, the 3% drop marked its biggest weekly decline since September. The S&P 500 and the Nasdaq Composite fell by 2.7% and 3.3%, respectively.
3. Inflation data in Europe
Although a further rate hike of 50 basis points at the next meeting of the European Central Bank in mid-March is almost certain, what happens thereafter is still up for debate, so this week’s preliminary data on inflation in the euro zone have raised great expectations.
Preliminary data for February Germany, France, Spain and Portugal will be published on Tuesday and Wednesday, followed by the figure flash of the entire euro zone on Thursday.
4. China Data
Wednesday’s data from the PMI will give investors an idea of how China’s economic recovery is going, as initial signs point to a pickup in consumer activity during the Lunar New Year festive period.
5. More results from retailers
The results of major retailers this week will provide more insight into the state of consumer spending and the impact of inflation on business results.
The great Target chain (NYSE:TGT) will present its results before Tuesday’s opening. Discount retailer Dollar Tree will release its results Wednesday ahead of opening, as will reform chain Lowe’s (NYSE:LOW)., Macy’s (NYSE:M) and Best Buy (NYSE:BBY) will release its results ahead of Thursday’s market open, while Nordstrom (NYSE:JWN) and Costco (NASDAQ:COST) shall do so after closure.
Krolus TV is a two-hour online finance program (Monday to Thursday from 15:00 p.m. to 17:00 p.m. Spanish time) where the situation of the markets and the opening of the American stock market are analyzed live. Among other prominent topics they also comment on the cryptocurrency sector or give trading advice.