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The week of Monday, October 23, 2023, promises a flurry of economic indicators and corporate financial announcements, with a focus on the oil and tech sectors. The week will kick off with Bloomberg Nanos Confidence data and earnings from companies such as TFI International (NYSE:) and PrairieSky Royalty.
On Tuesday, insights from the New Housing Price Index and U.S. S&P Global PMIs will provide a snapshot of the economic health. The CFIB Business Barometer will offer a glimpse into business sentiment. Earnings from General Motors (NYSE:), Microsoft (NASDAQ:), Alphabet (NASDAQ:), Coca-Cola (NYSE:) Co., and Archer-Daniels-Midland are also set to be announced.
Wednesday is set to reveal U.S. new home sales data and earnings from T-Mobile and Boeing (NYSE:) Co. The day will also see the Bank of Canada’s rate decision disclosed alongside its Monetary Policy Report, which details economic projections. A press conference by Space Canada’s CEO Brian Gallant is also scheduled for this day.
Thursday will disclose key U.S. economic data including the survey of employment, initial jobless claims, real GDP, and the U.S. Advance Economic Indicators Report. Earnings from Amazon.com (NASDAQ:) and Intel Corp (NASDAQ:)., among others, are anticipated.
The week concludes on Friday with U.S. personal income & consumption data and the University of Michigan Consumer Sentiment Index expected to influence market sentiment. The day will also bring earnings reports from Exxon Mobil (NYSE:) and Chevron Corp. (NYSE:), rounding off a week filled with significant financial announcements.
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