Text size
U.S. stock and bond markets will be closed Monday for Martin Luther King Jr. Day. Earnings season rises when investors return on Tuesday, starting with
Bank of America,
Goldman Sachs
Group,
Halliburton,
and
Netflix.
On Wednesday,
Morgan Stanley,
Procter & Gamble,
United Airlines Holdings,
and
UnitedHealth Group
everyone reports.
Intel,
IBM,
and
Pacific Ocean
goes on Thursday, followed by
Kansas City Southern
and
Schlumberger
on Friday.
Economic data this week contains several indicators to the housing market: the NAHB of the National Association of Home Builders /
Wells Fargo
Housing Market Index for Wednesday in January, the new data for the construction of the Census Bureau for Thursday in December and the sales of the National Association of Realtors for December on Friday. Also on Friday,
IHS Markit
will release the Manufacturing and Services Purchasing Managers Index for January.
The European Central Bank and the
Bank of Japan
both announced their latest monetary policy decisions on Thursday. And on Wednesday afternoon ET Joe Biden will be sworn in as the 46th President of the USA
Monday 1/18
Stock and fixed income markets were closed in line with Martin Luther King Jr. Day.
Tuesday 1/19
Bank of America,
Charles Schwab,
Goldman Sachs Group, Halliburton,
JB Hunt Transport Services,
Netflix,
Statestraat,
and
Zions Bancorp
earnings report.
Williams
Cos. Present a virtual environment, social and corporate governance. The firm’s CEO Alan Armstrong, along with senior leadership, will discuss the company’s forward-looking strategy for sustainable operations.
Wednesday 1/20
Joe Biden is sworn in at lunchtime in Washington, DC as the 46th President of the United States
Bank of New York Mellon,
Citizens Financial Group,
Discover financial services,
Confirmation,
Morgan Stanley, Procter & Gamble,
American Bancorp,
United Airlines Holdings and UnitedHealth Group report quarterly results.
The National Association van Huisbouers launches its NAHB / Wells Fargo housing market index for January. Consensus estimate is for a reading of 86 that matches the December data.
Thursday 1/21
The European Central Bank announces its monetary policy decision. The ECB is unlikely to change the deposit facility rate, currently a record low of negative 0.5%.
Baker Hughes,
CSX,
Fifth Third Bancorp,
Intel, IBM,
Northern Trust,
PPG Industries,
Travelers,
Truist Financial,
and Union Pacific announces the earnings.
The Census Bureau reports new residential construction data for December. Economists forecast a seasonally adjusted annual rate of 1.56 million homes, slightly more than the November figure. The building permits amount to 1.6 million, just less than the previous month.
The Bank of Japan announces its monetary policy decision. The central bank is expected to keep its key short-term rate unchanged at negative 0.1%. It is five years since Japan first introduced negative interest rates to ward off a deflationary spiral.
Friday 1/22
Huntington Bancshares,
Kansas City Southern,
Regions Financial,
and Schlumberger holds conference calls to discuss quarterly results.
IHS Markit is released both the index for manufacturing and services purchasing managers for January. Consensus estimate for the production PMI is 56.5, while the PMI for services is expected to be 53.6. Both readings are slightly lower than the December data.
The National Association of realtors report existing home sales for December. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, less than 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 by [email protected]