Key takeaways from the weekly economic calendar include earnings reports from top tech companies like Nvidia and Salesforce, as well as major retailers Home Depot and Lowe’s. Investors will be watching these results closely amid uncertainty about AI spending levels.
The Personal Consumption Expenditures (PCE) Price Index is set to be released on Friday, providing insights into inflation’s path in January. The Federal Reserve officials are closely monitoring this data, seeking signs that progress has stalled.
In addition to the PCE index release, several central bankers will deliver remarks this week, including Atlanta Fed President Raphael Bostic and Chicago Fed President Austan Goolsbee. Investors will also be paying close attention to housing data, including pricing, new home sales, and pending home sales.
This week’s earnings reports are expected to bring clarity on the outlook for various industries, from technology to retail. With uncertainty surrounding AI spending levels, investors will be watching Nvidia’s report closely. Salesforce is also set to release its results, following a strong third-quarter performance.
Other notable companies scheduled to report include Home Depot, Lowe’s, Dell Technologies, and Canadian banks Royal Bank of Canada, Toronto Dominion Bank, Bank of Montreal, and Bank of Nova Scotia.
Source: https://www.investopedia.com/what-to-expect-in-the-markets-this-week-11683487