Fed Minutes and PCE in Focus as Newmont Rallies 2.53% Ahead of Earnings
Newmont Corp shares rallied 2.53% today as investors priced in next week’s earnings report scheduled alongside other major releases. This holiday-shortened week features Federal Reserve January meeting minutes, the PCE index and PMI readings which could sway gold prices and mining sector performance.
1. Economic Calendar Highlights
Markets will be closed Monday for Presidents’ Day with the remainder of the week packed with key releases. On Tuesday, Empire State manufacturing data will arrive, followed Wednesday by housing starts, building permits, durable goods orders, trade balance and FOMC minutes. Thursday brings weekly jobless claims, trade deficit, Philadelphia Fed survey and pending home sales, while Friday features personal income, spending, GDP updates and new home sales.
2. Newmont Stock Rally and Earnings
Newmont shares jumped 2.53% ahead of its scheduled earnings report next week. Investors are eyeing the company’s results alongside broader economic indicators, with potential volatility driven by shifts in gold demand and inflation expectations.