Ahead promises to be eventful for financial markets, with a slew of key economic releases slated to hit the wires. Investors will eye Initial Jobless Claims, which are expected to show a slight increase from the previous week’s 219,000. This data point is important as it can provide insight into the health of the labor market and overall economy.

The Philadelphia Fed Manufacturing Index will be released, offering a snapshot of regional manufacturing conditions. The index is expected to remain steady at 24.5, but any deviation from this forecast could impact market sentiment.

Two crucial PMI readings: the S&P Global Manufacturing PMI and Services PMI. These indices are important indicators of economic growth, as they provide a comprehensive view of the manufacturing and services sectors. Market participants will be looking for signs of stabilization in these readings after recent declines.

The release of Existing Home Sales data, which is expected to show a modest increase from the previous month’s 5.39 million unit sales pace. While this figure is still below historical averages, any improvement is likely to be viewed positively by investors.

These economic releases will provide valuable insights into the state of the US economy and potentially impact financial markets. As always, it’s important to stay informed and up-to-date on these key data points to make informed investment decisions.