{"id":3249,"date":"2024-10-21T09:42:06","date_gmt":"2024-10-21T09:42:06","guid":{"rendered":"https:\/\/blog.lmitrade.com\/?p=3249"},"modified":"2024-10-21T09:42:06","modified_gmt":"2024-10-21T09:42:06","slug":"october-21-economic-pulse-key-events-this-week","status":"publish","type":"post","link":"https:\/\/blog.lmitrade.com\/en\/2024\/10\/21\/october-21-economic-pulse-key-events-this-week\/","title":{"rendered":"October 21, Economic Pulse &#8211; Key Events This Week"},"content":{"rendered":"<p style=\"text-align: left;\"><img data-recalc-dims=\"1\" fetchpriority=\"high\" decoding=\"async\" class=\"aligncenter size-large wp-image-2954\" src=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?resize=960%2C960&#038;ssl=1\" alt=\"\" width=\"960\" height=\"960\" srcset=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?resize=1024%2C1024&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?resize=300%2C300&amp;ssl=1 300w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?resize=150%2C150&amp;ssl=1 150w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?resize=768%2C768&amp;ssl=1 768w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?resize=75%2C75&amp;ssl=1 75w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/05\/70e09eab-9e4d-f408-ea7b-9790237369bd.png?w=1080&amp;ssl=1 1080w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p>&nbsp;<\/p>\n<h3 style=\"text-align: center;\">Key Events This Week<\/h3>\n<p><span style=\"color: #ff6600;\"><strong>Tesla Earnings and Tech Stock Valuations<\/strong><\/span><\/p>\n<ul>\n<li>Tesla&#8217;s upcoming earnings report will be a crucial indicator of the overall health of tech stocks.<\/li>\n<li>A disappointing performance could exacerbate concerns about stretched valuations in the sector, particularly given the S&amp;P 500&#8217;s elevated price-to-earnings ratio.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff6600;\"><strong>Semiconductor Sector<\/strong><\/span><\/p>\n<ul>\n<li>The semiconductor sector has experienced significant volatility in recent weeks, driven by factors such as ASML&#8217;s outlook and TSMC&#8217;s strong earnings.<\/li>\n<li>The sector&#8217;s performance will continue to be closely monitored, with companies like Texas Instruments and Lam Research reporting earnings this week.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff6600;\"><strong>Economic Data and Central Bank Meetings<\/strong><\/span><\/p>\n<ul>\n<li>The U.S. economy will be in focus with the release of data on housing, durable goods, consumer sentiment, and initial jobless claims.<\/li>\n<li>The Federal Reserve will publish its Beige Book and several regional Fed officials will provide insights into the economic outlook.<\/li>\n<li>Global finance leaders will gather at the IMF and World Bank annual meetings to address pressing economic challenges, including high debt levels and low growth.<\/li>\n<li>Russia will host a BRICS summit, seeking support amid its ongoing standoff with the West.<\/li>\n<\/ul>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff6600;\"><strong>Oil Prices<\/strong><\/span><\/p>\n<ul>\n<li>Oil prices remain under pressure due to concerns about weakening demand, particularly in China, and the ongoing conflict in the Middle East.<\/li>\n<li>The shift towards electric vehicles and economic uncertainty in China will continue to weigh on the demand outlook.<\/li>\n<li>The evolving situation in the Middle East, including the recent escalation between Israel and Hamas, introduces additional uncertainty to the oil market.<\/li>\n<\/ul>\n<hr \/>\n<p><span style=\"color: #ff6600;\"><strong>Weekly Events Schedule<\/strong><\/span><\/p>\n<p><strong>Monday, October 21<\/strong><\/p>\n<ul>\n<li>China:\n<ul>\n<li>Loan Prime Rate (LPR)<\/li>\n<\/ul>\n<\/li>\n<li>United States:\n<ul>\n<li>Existing Home Sales<\/li>\n<li>Richmond Fed Manufacturing Index<\/li>\n<\/ul>\n<\/li>\n<li>Canada:\n<ul>\n<li>Consumer Price Index (CPI)<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Tuesday, October 22<\/strong><\/p>\n<ul>\n<li>United States:\n<ul>\n<li>New Home Sales<\/li>\n<li>Conference Board Consumer Confidence<\/li>\n<\/ul>\n<\/li>\n<li>Germany:\n<ul>\n<li>ZEW Economic Sentiment Index<\/li>\n<\/ul>\n<\/li>\n<li>United Kingdom:\n<ul>\n<li>GfK Consumer Confidence<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Wednesday, October 23<\/strong><\/p>\n<ul>\n<li>United States:\n<ul>\n<li>Durable Goods Orders<\/li>\n<li>Initial Jobless Claims<\/li>\n<li>Federal Reserve Beige Book<\/li>\n<\/ul>\n<\/li>\n<li>Japan:\n<ul>\n<li>Tankan Manufacturing Survey<\/li>\n<\/ul>\n<\/li>\n<li>Canada:\n<ul>\n<li>GDP Growth Rate<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Thursday, October 24<\/strong><\/p>\n<ul>\n<li>United States:\n<ul>\n<li>Pending Home Sales<\/li>\n<\/ul>\n<\/li>\n<li>Eurozone:\n<ul>\n<li>Consumer Price Index (CPI)<\/li>\n<\/ul>\n<\/li>\n<li>United Kingdom:\n<ul>\n<li>Retail Sales<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<p><strong>Friday, October 25<\/strong><\/p>\n<ul>\n<li>United States:\n<ul>\n<li>Personal Income and Spending<\/li>\n<li>PCE Price Index<\/li>\n<li>University of Michigan Consumer Sentiment Index<\/li>\n<\/ul>\n<\/li>\n<li>Canada:\n<ul>\n<li>GDP Growth Rate<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n<hr \/>\n<p>&nbsp;<\/p>\n<p><span style=\"color: #ff6600;\"><strong>Volume analysis<\/strong> <\/span>for the <span style=\"color: #ff6600;\"><strong>Euro, Oil and S&amp;P500 futures<\/strong><\/span> are shown in the slides below.<\/p>\n<p>Daily timeframes include volume <strong>support<\/strong> (indicated by green band) and <strong>resistance<\/strong> (indicated by red band).<\/p>\n<p>&nbsp;<\/p>\n<p><img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter wp-image-3256 size-full\" src=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=960%2C540&#038;ssl=1\" alt=\"\" width=\"960\" height=\"540\" srcset=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=1536%2C864&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=2048%2C1152&amp;ssl=1 2048w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?resize=1140%2C641&amp;ssl=1 1140w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/EURO-1.jpg?w=1920&amp;ssl=1 1920w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/> <img data-recalc-dims=\"1\" decoding=\"async\" class=\"aligncenter wp-image-3253 size-full\" src=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=960%2C538&#038;ssl=1\" alt=\"\" width=\"960\" height=\"538\" srcset=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=300%2C168&amp;ssl=1 300w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=1024%2C574&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=768%2C431&amp;ssl=1 768w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=1536%2C861&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=2048%2C1148&amp;ssl=1 2048w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?resize=1140%2C639&amp;ssl=1 1140w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/CL-1.jpg?w=1920&amp;ssl=1 1920w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/> <img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" class=\"aligncenter wp-image-3250 size-full\" src=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=960%2C540&#038;ssl=1\" alt=\"\" width=\"960\" height=\"540\" srcset=\"https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?w=2560&amp;ssl=1 2560w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=1536%2C864&amp;ssl=1 1536w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=2048%2C1152&amp;ssl=1 2048w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?resize=1140%2C641&amp;ssl=1 1140w, https:\/\/i0.wp.com\/blog.lmitrade.com\/wp-content\/uploads\/2024\/10\/ES.jpg?w=1920&amp;ssl=1 1920w\" sizes=\"(max-width: 960px) 100vw, 960px\" \/><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Key Events This Week Tesla Earnings and Tech Stock Valuations Tesla&#8217;s upcoming earnings report will be a crucial indicator of the overall health of tech stocks. A disappointing performance could exacerbate concerns about stretched valuations in the sector, particularly given the S&amp;P 500&#8217;s elevated price-to-earnings ratio. &nbsp; Semiconductor Sector The semiconductor sector has experienced significant volatility in recent weeks, driven by factors such as ASML&#8217;s outlook and TSMC&#8217;s strong earnings. The sector&#8217;s performance will continue to be closely monitored, with companies like Texas Instruments and Lam Research reporting earnings this week. &nbsp; Economic Data and Central Bank Meetings The U.S. economy will be in focus with the release of data on housing, durable goods, consumer sentiment, and initial jobless claims. The Federal Reserve will publish its Beige Book and several regional Fed officials will provide insights into the economic outlook. Global finance leaders will gather at the IMF and World Bank annual meetings to address pressing economic challenges, including high debt levels and low growth. Russia will host a BRICS summit, seeking support amid its ongoing standoff with the West. &nbsp; Oil Prices Oil prices remain under pressure due to concerns about weakening demand, particularly in China, and the ongoing conflict in the Middle East. The shift towards electric vehicles and economic uncertainty in China will continue to weigh on the demand outlook. The evolving situation in the Middle East, including the recent escalation between Israel and Hamas, introduces additional uncertainty to the oil market. Weekly Events Schedule Monday, October 21 China: Loan Prime Rate (LPR) United States: Existing Home Sales Richmond Fed Manufacturing Index Canada: Consumer Price Index (CPI) Tuesday, October 22 United States: New Home Sales Conference Board Consumer Confidence Germany: ZEW Economic Sentiment Index United Kingdom: GfK Consumer Confidence Wednesday, October 23 United States: Durable Goods Orders Initial Jobless Claims Federal Reserve Beige Book Japan: Tankan Manufacturing Survey Canada: GDP Growth Rate Thursday, October 24 United States: Pending Home Sales Eurozone: Consumer Price Index (CPI) United Kingdom: Retail Sales Friday, October 25 United States: Personal Income and Spending PCE Price Index University of Michigan Consumer Sentiment Index Canada: GDP Growth Rate &nbsp; Volume analysis for the Euro, Oil and S&amp;P500 futures are shown in the slides below. Daily timeframes include volume support (indicated by green band) and resistance (indicated by red band). &nbsp; &nbsp; &nbsp;<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[39],"tags":[145,119,193,198,197,194,196,195,90],"class_list":["post-3249","post","type-post","status-publish","format-standard","hentry","category-analytics","tag-analytics","tag-article","tag-fed","tag-financial-markets","tag-inflation","tag-rate-cut","tag-recession","tag-us-economy","tag-volfix-en"],"aioseo_notices":[],"jetpack_featured_media_url":"","acf":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/3249","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/comments?post=3249"}],"version-history":[{"count":1,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/3249\/revisions"}],"predecessor-version":[{"id":3259,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/posts\/3249\/revisions\/3259"}],"wp:attachment":[{"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/media?parent=3249"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/categories?post=3249"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lmitrade.com\/en\/wp-json\/wp\/v2\/tags?post=3249"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}