Weekly Economic Events Calendar for U.S. and Russian Traders (November 18 – 22, 2024)

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Weekly Economic Events and Major Earnings Reports (November 18–22, 2024)
18.11.2024
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A comprehensive review of economic events likely to impact global and Russian financial markets in the week of November 18–22, 2024. This week promises to be full of significant events and economic data that could influence markets in the U.S., Russia, and other countries. Keep an eye on key metrics and speeches to make informed forecasts.

Monday, November 18

  • G20 Summit (Day 1): Opening sessions traditionally focus on global economic challenges, sustainable growth, trade policy, climate change, and international security. Discussions on cooperation between major economies are expected to foster stability.
  • Central Bank Speakers:
    • Bank of Japan Governor: Investors anticipate insights on potential easing of monetary policy due to the yen’s weakness.
    • Kent (Australia): May emphasize Australia’s economic resilience, growth rates, and inflation risks.
    • Christine Lagarde and ECB Representatives (Nagel, De Guindos, Lane): Lagarde’s comments could provide clarity on the ECB’s plans for inflation management.
    • Goolsbee (U.S.): Expected to discuss the U.S. economic outlook and potential Fed decisions, critical for global markets.

Focus Points: G20 discussions may address geopolitical issues affecting global and regional markets. ECB statements could influence the euro, especially if they hint at policy shifts.

Tuesday, November 19

  • G20 Summit (Day 2): Foreign ministers from key European nations (Poland, France, Germany, UK, Italy) will discuss the Ukraine conflict’s economic impacts and Europe’s future after Trump’s recent election.
  • Australian Central Bank Meeting Minutes: Analysts will look for signals on potential rate hikes or pauses.
  • Key Economic Data:
    • EU Current Account (September) — 12:00 MSK: Reveals EU’s export-import balance.
    • EU CPI (October) — 13:00 MSK: Inflation data could impact the euro and ECB policy.
    • U.S. Housing Starts (October) — 16:30 MSK: Reflects the real estate market's health.
    • Canada CPI (October) — 16:30 MSK: Insights into Canadian inflation may affect the Bank of Canada’s rate decisions.
  • Key Central Bank Speakers:
    • Elderson (EU): Likely to emphasize stability and inflation control.
    • Bank of England Governor: Expected to comment on UK economic conditions post-Brexit.
    • Schmid (U.S.): Likely to address U.S. economic prospects.

Focus Points: EU and Canada’s CPI reports and G20 discussions on Ukraine may affect the euro and Canadian dollar. Statements on the Ukraine situation could impact European indices.

Wednesday, November 20

  • Markets Closed in Brazil
  • China LPR Rate — 04:15 MSK: China’s prime lending rate will indicate Beijing’s economic priorities.
  • Key Economic Data:
    • UK CPI (October) — 10:00 MSK: Influences rate decisions and the pound.
    • Germany PPI (October) — 10:00 MSK: Indicates producer price trends, hinting at inflation.
    • U.S. EIA Crude Oil Stocks — 18:30 MSK: Oil stock data could impact energy prices.
    • Russia Weekly Inflation — 19:00 MSK: A crucial measure for assessing Russia’s economic stability.

Focus Points: Oil inventory and inflation data will attract traders’ attention, as they provide insights into inflation and energy prices.

Thursday, November 21

  • Interest Rate Decisions in Turkey and South Africa:
    • Turkey CB Rate — 14:00 MSK: Turkey may take further steps to curb inflation.
    • South Africa CB Rate — 16:00 MSK: Rate changes may impact the rand and emerging markets.
  • Key Economic Data:
    • U.S. Initial Jobless Claims — 16:30 MSK: Reflects labor market strength.
    • Philadelphia Fed Manufacturing Index (November) — 16:30 MSK: Measures industrial activity.
    • Canada PPI (October) — 16:30 MSK: Industrial prices may affect CAD.
    • U.S. Existing Home Sales (October) — 18:00 MSK: Indicates real estate market trends.
    • EU Consumer Confidence (November) — 18:00 MSK: Reflects EU consumer sentiment.
    • U.S. EIA Natural Gas Storage — 18:30 MSK: Can influence natural gas prices.

Focus Points: Turkey and South Africa rate decisions could impact emerging market currencies. U.S. unemployment data and EU consumer confidence may indicate economic momentum.

Friday, November 22

  • Preliminary PMI Data for November: Covering manufacturing and services activity in Australia, Japan, India, Germany, the eurozone, the UK, and the U.S.
    • Australia — 01:00 MSK
    • Japan — 02:30 MSK
    • India — 08:00 MSK
    • Germany — 11:30 MSK
    • Eurozone — 12:00 MSK
    • UK — 12:30 MSK
    • U.S. — 17:45 MSK
  • Key Economic Data:
    • Germany Q3 GDP — 10:00 MSK: Indicator of eurozone’s largest economy.
    • University of Michigan Consumer Sentiment (November) — 18:00 MSK: Reflects U.S. consumer confidence.
    • U.S. Consumer Inflation Expectations — 18:00 MSK: Future inflation gauge.
    • Baker Hughes U.S. Rig Count — 21:00 MSK: Measures oil and gas industry activity.

Focus Points: PMIs and German GDP will reveal economic health in Europe. U.S. consumer sentiment could affect stock markets.

Recommendations for Russian Traders for the Week (November 18 – 22, 2024)

This week is packed with impactful economic and political events that could significantly affect both global and local markets. Russian traders should focus on key publications and statements to make the most of currency, commodity, and stock market changes. Here’s what to consider:

  1. G20 Summit — Geopolitical Importance

    • Why it matters: Discussions at the G20 Summit often drive international economic strategies, with topics on Ukraine, European stability, and the U.S. post-election landscape.
    • Recommendations: Watch for statements on sanctions, energy exports, and global trade. Oil prices and the ruble could react to any hints of sanction relief.

  2. Inflation Data from EU, Canada, and UK

    • Why it matters: High inflation in major economies can impact euro, pound, and CAD rates.
    • Recommendations: Look for opportunities in euro and pound if inflation signals strength in these economies. Positive data may strengthen European-focused Russian assets.

  3. China’s LPR Rate Decision

    • Why it matters: China’s rate will affect credit markets and China’s demand for commodities.
    • Recommendations: If stable, demand for Russian oil and gas could stay strong. Consider energy futures for potential price rises.

  4. U.S. Oil & Gas Inventory Reports

    • Why it matters: API and EIA data show U.S. energy supply-demand balance.
    • Recommendations: Lower inventories could push oil prices up, benefiting ruble and Russian oil firms.

  5. U.S. Unemployment and PMI Data

    • Why it matters: Strong data supports a hawkish Fed policy, likely raising the dollar and impacting risk assets.
    • Recommendations: Strong data could suggest dollar strength vs. ruble. Weak data might favor ruble and Russian stocks.

  6. U.S. Consumer Sentiment & Inflation Expectations

    • Why it matters: Reflects American consumer optimism, impacting global demand.
    • Recommendations: Positive sentiment may benefit ruble and Russian exporters.

  7. Interest Rate Decisions in Turkey and South Africa

    • Why it matters: Interest rates affect emerging market currencies.
    • Recommendations: Consider defensive ruble positions if interest remains high.


Major Earnings Reports This Week: U.S. and Russia

Monday, November 18

Pre-Market:

  • MDMG (Mother and Child) — Board of Directors to discuss interim dividends.

After Market Close:

  • TCOM (Trip.com Group Ltd ADR) — 02:00, expected revenue growth of 16.8%.

Tuesday, November 19

Pre-Market:

  • WMT (Walmart Inc) — 15:00, expected revenue growth of 4.2%.

  • WKHS (Workhorse Group) — 17:00, expected revenue growth of 98.1%.

  • LOW (Lowe's Companies) — 14:00, expected revenue decline of 2.9%.

  • XPEV (Xpeng Inc ADR) — 13:30, expected revenue growth of 367.0%.

  • MDT (Medtronic Inc) — 14:45, expected revenue growth of 3.5%.

  • VIPS (Vipshop Holdings Ltd ADR) — 13:00, expected revenue decline of 6.7%.

  • J (Jacobs Engineering Group Inc) — 14:40.

  • Russian Reports:

    • LEAS (Europlan) — 11:00: Conference call on 9M 2024 results.
    • MTSS (MTS) — 15:00: Financial and operational results for Q3 2024.
    • ASTR (Astra Group) — IFRS results for 9M 2024.
    • LEAS (Europlan) — IFRS report for 9M 2024.

After Market Close:

  • ZTO (ZTO Express Cayman Inc ADR) — 02:00, expected revenue growth of 392.8%.
  • KEYS (Keysight Technologies Inc) — 00:05, expected revenue decline of 4.7%.

Wednesday, November 20

Pre-Market:

  • NIO (Nio Inc ADR) — 13:30, expected revenue growth of 3.3%.

  • TGT (Target Corp) — 14:30, expected revenue growth of 2.3%.

  • TJX (TJX Companies) — 15:30, expected revenue growth of 5.4%.

  • WIX (Wix.com Ltd) — 09:00, expected revenue growth of 12.6%.

  • WSM (Williams-Sonoma) — 16:00, expected revenue decline of 4.0%.

  • GLBE (Global-E Online Ltd) — 15:00, expected revenue growth of 26.2%.

  • Russian Reports:

    • RENI (Renaissance) — IFRS report for 9M 2024.
    • AVAN (Avangard) — Extraordinary General Meeting on dividends of 68.16 RUB per share for 9M 2024.
    • ZAYM (Zaymer) — Board of Directors to discuss Q3 2024 dividends.

After Market Close:

  • NVDA (Nvidia Corp) — 00:20, expected revenue growth of 81.1%.
  • SNOW (Snowflake Inc Cl A) — 00:05, expected revenue growth of 22.4%.
  • PANW (Palo Alto Networks Inc) — 00:05, expected revenue growth of 12.9%.
  • JACK (Jack in the Box Inc) — 00:00, expected revenue decline of 3.9%.

Thursday, November 21

Pre-Market:

  • BIDU (Baidu Inc ADR) — 13:00, expected revenue decline of 0.7%.

  • PDD (PDD Holdings Inc) — 14:30, expected revenue growth of 53.4%.

  • DE (Deere & Company) — 14:30, expected revenue decline of 39.4%.

  • BJ (BJ's Wholesale Club Holdings Inc) — 14:45, expected revenue growth of 6.5%.

  • Russian Reports:

    • VKCO (VK) — Q3 and 9M 2024 results.
    • AQUA (Russian Aquaculture) — Extraordinary General Meeting on dividends of 20 RUB per share for Q3 2024.

After Market Close:

  • ROST (Ross Stores Inc) — 00:00, expected revenue growth of 4.6%.
  • GAP (Gap Inc) — expected revenue growth of 1.1%.
  • INTU (Intuit Inc) — 00:00, expected revenue growth of 5.4%.

Friday, November 22

Pre-Market:

  • Russian Reports:
    • KAZT (KuybyshevAzot) — Extraordinary General Meeting on dividends of 7 RUB per share for 9M 2024.
    • TCSG (TCS Group) — Last day with dividend of 92.5 RUB.
    • TRNF (Transneft) — Moscow Arbitration Court to review Transneft's claim against IBM for 83.1 million RUB.



Company Update: OPEN OIL MARKET Pre-IPO

Open Oil Market is currently in a pre-IPO funding round. Despite economic challenges and high interest rates, the sector and our project retain robust investor interest. Our pre-IPO phase aims to attract capital and demonstrate our resilience before an anticipated IPO in 2027.
OpenOilMarket

#economic calendar #key events of the week #G20 summit #central banks #Inflation #U.S. markets #Russian markets #company earnings #corporate profits #trading recommendations #financial markets #central bank speakers #key indicators #ruble #dollar #euro #trader forecasts #stock market #oil and gas #labor market #China, U.S. #Russia #EU #investment strategies
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