Home sales, jobless claims, and PMI data to shape market sentiment

As traders approach another pivotal week for financial markets, a series of crucial economic data releases that could sway market dynamics are expected. On Monday, the market will get data on existing home sales, offering insights into the health of the U.S. housing market. Thursday brings a flurry of important releases, including initial jobless claims, which will provide the latest snapshot of the labor market's strength. Additionally, manufacturing and services PMI data will be closely watched for signs of economic expansion or contraction.

Major Economic Events to Watch

• Monday, October 23, 10:00 AM ET: Existing Home Sales - Forecast: 3.90M, Previous: 3.86M

• Monday, October 23, 10:30 AM ET: EIA Crude Oil Inventories - Previous: -2.191M

• Thursday, October 24, 8:30 AM ET: Initial Jobless Claims - Previous: 241K

• Thursday, October 24, 8:30 AM ET: Building Permits - Previous: 1.470M

• Thursday, October 24, 9:45 AM ET: Manufacturing PMI - Previous: 47.3

• Thursday, October 24, 9:45 AM ET: Services PMI - Previous: 55.2

• Thursday, October 24, 10:00 AM ET: New Home Sales - Forecast: 710K, Previous: 716K

• Friday, October 25, 8:30 AM ET: Durable Goods Orders - Forecast: -0.9%, Previous: 0.0%

For further information and the latest updates, please refer to our Economic Calendar, here https://www.investing.com/economic-calendar/

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Source: Investing.com