Finance: The week ahead promises to be explosive in the US stock market!

The American stock market finance world will play host to several key events this week. Expect new information regarding inflation in the USA, as well as the latest developments on the stock markets. The Federal Reserve (FED) members are also scheduled to make statements.

Imminent Release of CPI Figures

This Tuesday, the veil will be lifted on January’s inflation figures, signaling a significant impact on the US stock market. Analysts are predicting a 0.2% increase in the general price level compared to last month. As for the core inflation, it is expected to see an annual increase of 3.8%. Wednesday’s CPI figures could cool expectations of future monetary policy.

🇺🇸🇺🇸 Key Events This Week:

1. U.S. CPI Inflation – Tuesday

2. Coca-Cola $KO Earnings – Tuesday

3. Cisco $CSCO Earnings – Wednesday

4. U.S. Retail Sales – Thursday

5. Initial Jobless Claims – Thursday

6. NY Fed Manufacturing Survey – Thursday

7. Philly Fed Manufacturing… pic.twitter.com/9L41NvY98m

— Jesse Cohen (@JesseCohenInv) February 11, 2024

The Bank of England (BoE) is forecasting a return to its 2% inflation target over the course of the year, although an increase is anticipated for the next quarter. Federal Reserve officials such as Thomas Barkin, Raphael Bostic, and Mary Daly are expected to speak this week.

Thursday, the GDP figures announcement will reveal the impact of high interest rates on the economy. Japan will announce its preliminary GDP figures the same day. The United Kingdom, on the other hand, will also unveil data about employment, inflation, and growth this week, providing investors with clues about the timing of the next rate cut by the Bank of England.

Finance: Optimistic Results Expected at Wall Street

This week promises to unveil the performances of stock market indices. On Friday, the S&P 500 finished above the 5000 points for the first time, while the Nasdaq hit the 16000 points, driven by sector giants and semiconductors, including Nvidia, showing promising prospects.

According to LSEG data reported by Investing.com, Wall Street is expecting a 9.0% profit growth for the fourth quarter. As per Reuters, 81% of the companies exceeded expectations versus a usual average of 76%. The financial results of Shopify, Heinz, Kraft Heinz, Cisco, Wendy’s, Trade Desk, and Coinbase are highly anticipated for Wednesday and Thursday.

The oil prices also deserve particular attention this week. They are expected to experience some volatility after a 6% rise recorded last week, largely due to concerns about supply in the Middle East.