Text size
US stock and bond markets will close on Monday for Martin Luther King Jr. Day The earnings season rises as investors return on Tuesday, starting
Bank of America,
Goldman Sachs
Group,
Halliburton,
and
Netflix.
Wednesday,
Morgan Stanley,
Procter & Gamble,
United Airlines Holdings,
and
UnitedHealth Group
all report.
Intel,
IBM,
and
Union Pacific
go on Thursday, followed by
Kansas City Southern
and
Schlumberger
Friday.
This week’s economic data includes several housing market indicators: National Association of Home Builders NAHB /
Fargo fountains
The housing market index for January on Wednesday, the new data on the residential constructions of the Census Bureau for December on Thursday and the existing house sales of the National Association of Realtors for December on Friday. Also on Friday,
IHS Markit
will launch the indexes of production and service procurement managers for January.
European Central Bank and
Bank of Japan
both are announcing their latest monetary policy decisions on Thursday. And on Wednesday at noon ET, Joe Biden will be sworn in as the 46th president of the USA
Monday 1/18
Stock and fixed income markets are closed on Martin Luther King Jr. Day.
Tuesday 1/19
Bank of America,
Charles Schwab,
Goldman Sachs Group, Halliburton,
Transportation services JB Hunt,
Netflix,
State Street,
and
Zions Bancorp
report earnings.
Williams
Cos. It hosts a virtual environmental, social and corporate governance event. The company’s CEO, Alan Armstrong, together with senior management will discuss the company’s forward-looking strategy for sustainable operations.
Wednesday 1/20
Joe Biden will be sworn in as the 46th president of the United States at noon in Washington, DC
Bank of New York Mellon,
Citizens Financial Group,
Discover financial services,
fixation,
Morgan Stanley, Procter & Gamble,
USA Bancorp,
United Airlines Holdings and UnitedHealth Group report quarterly results.
National Association of home builders launches NAHB / Wells Fargo housing market index for January. The consensus estimate is for a reading of 86, which corresponds to December data.
Thursday 1/21
European Central Bank announces its monetary policy decision. The ECB is unlikely to change the deposit facility rate, currently at a record low of 0.5%.
Baker Hughes,
CSX,
The fifth and third Bancorp,
Intel, IBM,
Northern Trust,
PPG Industries,
Travelers,
Truist Financial,
and Union Pacific announces gains.
Census Bureau reports new data on residential construction for December. Economists forecast a seasonally adjusted annual rate of 1.56 million homes, slightly more than the November figure. Construction permits amount to 1.6 million, just below the previous month’s figures.
Bank of Japan announces its monetary policy decision. The central bank is expected to keep its key short-term rate unchanged at 0.1% negative. Five years have passed since Japan first set negative interest rates to break a deflationary spiral.
Friday 1/22
Huntington Bancshares,
Kansas City Southern,
Financial regions,
and Schlumberger hold conferences to discuss quarterly results.
Launch IHS Markit both production and service purchasing directors’ indices for January. The consensus estimate for the manufacturing PMI is 56.5, while the service PMI is expected to be 53.6. Both readings are slightly below the December data.
National Association of real estate agents report existing home sales in December. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, down from 6.7 million in November. In November, the average price of existing homes was $ 310,800, up 14.6% year-on-year.
Write to Nicholas Jasinski at [email protected]