Monday Market Update I 19-Feb-2024

In the upcoming holiday-shortened week, the economic calendar remains relatively subdued, with all eyes on Wednesday’s release of the Federal Open Market Committee meeting minutes.

Investors are eagerly anticipating major economic updates on Thursday, including Initial Jobless Claims, Retail Global PMI, and Existing Home Sales data from the US market, along with inflation data for the Eurozone and Canada.

Nvidia is scheduled to announce its earnings after Wednesday’s U.S. market close following a remarkable performance where its stock price tripled in 2023, and it has risen by approximately 50% so far this year.