3 Economic Events That Could Affect Your Portfolio This Week, April 15 – 19, 2024 – TipRanks.com

Stock Markets Close on a Down Note

Stock markets tumbled on Friday to close a rollercoaster of a week on a down note. The end-of-the-week declines were sparked by underwhelming earnings results at the largest U.S. banks, as well as rising geopolitical tensions and ongoing concerns over the Federal Reserve’s monetary policy outlook.

Focus on Earnings and Sustainable Development Goals (SDGs)

This week, markets will focus on earnings, with this week’s releases spread between various economic sectors. This week should therefore provide a somewhat better outlook into the season than the results from the large banks. In addition, the Middle East conflict continues to draw attention, as increased tensions threaten to add to the upward pressure on oil prices. Crude has rallied over 20% this year, with the surge feeding into prices at the pump and overall inflation, putting further strains on consumers.

Investors will also closely monitor the incoming economic data, including retail sales and industrial production, for additional data that could affect the Federal Reserve’s monetary policy. Following recent hotter-than-expected inflation figures, further signs of the economy’s strength would add to growing concerns that the Fed may leave its rates unchanged this year. 

Three Economic Events

Here are three economic events that could affect your portfolio this week. For a full listing of additional economic events, check out the TipRanks Economic Calendar.

1. March’s Retail Sales – Monday, 04/15 – This report provides information on the amount of money consumers are spending on various durable and non-durable goods. It helps to gauge the economy’s health and consumer spending habits, as well as the level of the demand-side inflation pressures.
2. March’s Industrial Production – Tuesday, 04/16 – This report shows the volume of production of U.S. industries like manufacturing, mining, and utilities. Although industrial production accounts for a smaller portion of the economic activity than services, its sensitivity to consumer demand and interest rates makes it a leading indicator of GDP growth and economic performance.
3. March’s Existing Home Sales Change – Thursday, 04/18 – This report measures the sales volumes and prices of existing single-family homes, condos, and co-ops nationwide. Existing homes account for over 90% of total home sales in the country, so this report provides insights into the health of the housing market which has significant implications for economic activity throughout the U.S.

For more exclusive market insights and content from TipRanks Macro & Markets research analyst Yulia Vaiman, click here.

SDGs, Targets, and Indicators

1. Which SDGs are addressed or connected to the issues highlighted in the article?

SDG 8: Decent Work and Economic Growth

The article discusses underwhelming earnings results at the largest U.S. banks, rising geopolitical tensions, and concerns over the Federal Reserve’s monetary policy outlook. These issues are connected to SDG 8, which aims to promote sustained, inclusive, and sustainable economic growth, full and productive employment, and decent work for all.

SDG 10: Reduced Inequalities

The article mentions the surge in oil prices and its impact on consumers. This issue is connected to SDG 10, which aims to reduce inequalities within and among countries.

SDG 12: Responsible Consumption and Production

The article discusses the impact of rising oil prices on overall inflation and consumer strains. This issue is connected to SDG 12, which aims to ensure sustainable consumption and production patterns.

SDG 13: Climate Action

The article mentions the increase in tensions in the Middle East, which threatens to add to the upward pressure on oil prices. This issue is connected to SDG 13, which aims to take urgent action to combat climate change and its impacts.

2. What specific targets under those SDGs can be identified based on the article’s content?

Target 8.1: Sustain per capita economic growth in accordance with national circumstances and, in particular, at least 7 percent gross domestic product growth per annum in the least developed countries

This target is relevant to the underwhelming earnings results at the largest U.S. banks mentioned in the article.

Target 10.4: Adopt policies, especially fiscal, wage and social protection policies, and progressively achieve greater equality

This target is relevant to the impact of rising oil prices on consumer strains mentioned in the article.

Target 12.2: By 2030, achieve the sustainable management and efficient use of natural resources

This target is relevant to the impact of rising oil prices on overall inflation and the need for sustainable consumption and production patterns mentioned in the article.

Target 13.1: Strengthen resilience and adaptive capacity to climate-related hazards and natural disasters in all countries

This target is relevant to the increase in tensions in the Middle East and its potential impact on oil prices mentioned in the article.

3. Are there any indicators mentioned or implied in the article that can be used to measure progress towards the identified targets?

No specific indicators are mentioned or implied in the article that can be used to measure progress towards the identified targets.

SDGs, Targets, and Indicators

Behold! This splendid article springs forth from the wellspring of knowledge, shaped by a wondrous proprietary AI technology that delved into a vast ocean of data, illuminating the path towards the Sustainable Development Goals. Remember that all rights are reserved by SDG Investors LLC, empowering us to champion progress together.

Source: tipranks.com

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