As traders approach another pivotal day for the financial markets on Thursday, December 26, 2024, a series of important economic data is expected that could influence market dynamics. The spotlight will be on the initial unemployment claims report, which serves as a leading indicator of the health of the labor market. In addition, the 7-year bond auction will provide insight into investors' appetite for US government debt.
Major economic events to watch
• 8:30 AM EST – Initial Jobless Claims: 223K expected, previous 220K. It measures unemployment insurance claims for the first time, indicating labor market trends.
Other important economic events to watch
• 8:30 a.m. ET – Unemployment claims continue: 1,874K previously. Tracks ongoing unemployment claims.
• 1:00 PM ET – 7-Year Bond Auction: Previous yield 4.183%. Measures investor demand for medium-term US Treasury debt.
• 4:30 PM ET – API Weekly Crude Oil Inventories: Previous -4,700 million. Provides insight into US oil inventory levels and oil demand.
• 4:30 PM ET – Fed Balance Sheet: Previous $6.889 billion. It reveals the assets and liabilities of the Federal Reserve.
• 4:30 PM ET – Reserve balances at Fed: previous 3.237T. Shows account balances of depository institutions at regional federal banks.
Other economic events worth watching
• 7:00 AM ET – MBA Buy Index: 157.1 Previous. Refers to the volume of mortgage applications for home purchases.
• 7:00 AM ET – Mortgage Refinancing Index: Previous 617.5. Measures mortgage refinancing activity.
• 7:00 AM ET – Mortgage Market Index: 224.0 Previous. Covers all mortgage applications during the week.
• 7:00 AM ET – MBA 30-Year Mortgage Rate: Previous 6.75%. Reports fixed mortgage lending rates for 30 years.
• 7:00 AM ET – Real Estate MBA Applications: Previous -0.7%. It shows the change in the volume of new mortgage applications.
• 8:30 a.m. ET – Four-week average unemployment claims: Previous 225.50K. Smoothes weekly unemployment claims data.
• 11:00 AM ET – US M2 Money Supply: 23.31T ex. It measures the broad money supply in the US economy.
• 11:30 AM ET – 4-Week Bond Auction: Previous yield 4.230%. Refers to short-term government borrowing costs.
• 11:30 AM ET – 8-Week Bond Auction: Previous yield 4.230%. Reflects investor demand for short-term Treasury bills.
For more information and the latest updates, please refer to our economic calendar, here.
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