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The US stock and bond markets will be closed Monday for Martin Luther King Jr. The earnings season accelerates when investors return on Tuesday, starting with
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
Pacific Union
go Thursday, followed by
Kansas City South
and
Schlumberger
Friday.
Economic data released this week includes several housing market indicators: the National Association of Home Builders’ NAHB /
Wells fargo
Housing Market Index for January Wednesday, new home construction data from the Census Bureau for December Thursday and existing home sales from the National Association of Realtors for December Friday. Friday also,
IHS Markit
publish the manufacturing and service purchasing managers index for January.
The European Central Bank and the
Bank of Japan
both announced their latest monetary policy decisions on Thursday. And Wednesday at noon ET, Joe Biden will be sworn in as the 46th President of the United States
Monday 18/01
Equities and Fixed Income markets are closed respecting Martin Luther King Jr. Day.
Tuesday 19/01
Bank of America,
Charles Schwab,
Goldman Sachs Group, Halliburton,
JB Hunt Transport Services,
Netflix,
State street,
and
Zions Bancorp
declare your income.
Williams
Cos. Organize a virtual event on environmental, social and corporate governance. Company CEO Alan Armstrong and senior management will discuss the company’s forward-looking strategy for sustainable operations.
Wednesday 20/01
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,
Fastenal,
Morgan Stanley, Procter & Gamble,
US Bancorp,
United Airlines Holdings and UnitedHealth Group publish their quarterly results.
National association of Home Builders publishes its NAHB / Wells Fargo Housing Market Index for January. The consensus estimate is for a reading of 86, corresponding to the data for December.
Thursday 1/21
The European Central Bank announces its monetary policy decision. The ECB is unlikely to change the rate on the deposit facility, currently at a record high of 0.5%.
Baker hughes,
CSX,
Fifth third Bancorp,
Intel, IBM,
Northern Trust,
PPG Industries,
Travelers,
Truist Financial,
and Union Pacific announce their results.
The Census Bureau releases new home construction data for December. Economists are forecasting a seasonally adjusted annual rate of 1.56 million housing starts, slightly higher than November’s figure. Building permits are expected to reach 1.6 million, just below the previous month’s data.
Bank of Japan announces its monetary policy decision. The central bank is expected to keep its short-term policy rate unchanged at less than 0.1%. It has been five years since Japan first instituted negative interest rates to avoid a deflationary spiral.
Friday 1/22
Huntington Bancshares,
Kansas City South,
Financial regions,
and Schlumberger are hosting conference calls to discuss quarterly results.
IHS Markit outputs the manufacturing and service purchasing managers’ indices for January. The consensus estimate for the Manufacturing PMI is 56.5, while the Services PMI is expected to be 53.6. Both readings are slightly lower than the December data.
National association of Realtors reports existing home sales for December. Economists are forecasting a seasonally adjusted annual rate of 6.4 million homes sold, lower than November’s 6.7 million. In November, the median price of existing homes was $ 310,800, up 14.6% year over year.
Write to Nicholas Jasinski at [email protected]
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