This week, there are several major economic events and data releases that could impact global markets. These include OPEC's monthly report on oil demand and production targets, the speeches of 11 Federal Reserve officials, retail sales data for September, the Philly Fed Manufacturing Index, housing starts data, and earnings reports from various companies including Apple, Bank of America, and Coca-Cola. These events and reports have implications for the stock market and also affect crypto investors. For example, higher oil prices could drive more people to seek inflation hedges like Bitcoin. Strong retail sales and manufacturing activity could lift sentiment and lead to more speculative investing in crypto. The housing starts data and earnings reports will also provide insights into consumer confidence and the overall economic health, which can impact both stocks and crypto markets.
- Content Editor ( cryptopolitan.com )
- 2024-10-13
A roundup of key economic events happening this week