Text size
The US stock and bond markets will be closed for Martin Luther King Jr.’s day on Monday. The earnings season increases 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
Union Pacific
go on the farm, followed by
Kansas City Southern
and
Schlumberger
on Friday.
This week’s economic data includes several housing market indicators: the National Association of Home Builders’ NAHB /
Wells Fargo
January housing market index on Wednesday, the Census Bureau’s new residential building data for December on Thursday and the National Association of Realtors’ existing home sales for December on Friday. Also on Friday,
IHS Markit
will release the January Manufacturing and Service Purchasing Managers’ indices.
The European Central Bank and the
Bank of Japan
both announce their latest monetary policy decisions on Thursday. And on Wednesday at noon ET, Joe Biden will take the oath as the 46th president of the United States
Monday, 01/18
Stock and fixed income markets are closed in observance of Martin Luther King Jr Day.
Tuesday, 1/19
Bank of America,
Charles Schwab,
Goldman Sachs Group, Halliburton,
JB Hunt transport services,
Netflix,
State Street,
and
Zions Bancorp
earnings report.
Williams
Waistband. It hosts a virtual environmental, social and corporate governance event. The company’s CEO, Alan Armstrong, along with senior leadership, will discuss the company’s future strategy for sustainable operations.
Wednesday 1/20
Joe Biden will take the oath as 46th US President at noon in Washington, DC
Bank of New York Mellon,
Citizens Financial Group,
Discover Financial Services,
Fixation,
Morgan Stanley, Procter & Gamble,
US Bancorp,
United Airlines Holdings and UnitedHealth Group report quarterly results.
The national association of Home Builders releases its January NAHB / Wells Fargo Housing Market Index. The consensus estimate is 86 readings, coinciding with the December data.
Thursday, 01/21
European central bank announces its monetary policy decision. It is unlikely that the ECB will change the rate on the deposit facility, currently at a record low of 0.5%.
Baker Hughes,
CSX,
Fifth Third Bancorp,
Intel, IBM,
Northern Trust,
PPG Industries,
Travel,
Truist Financial,
and Union Pacific announce earnings.
The Census Bureau reports new residential construction data for December. Economists predict a seasonally adjusted annual rate of 1.56 million new homes, slightly more than in November. Construction licenses are expected to reach 1.6 million, just below the figures for the previous month.
Bank of Japan announces its monetary policy decision. The central bank is expected to keep its short-term base rate unchanged at 0.1% negative. Five years have passed since Japan first instituted negative interest rates to avoid a deflationary spiral.
Friday, 01/22
Huntington Bancshares,
Kansas City Southern,
Financial Regions,
and Schlumberger hold conference calls to discuss quarterly results.
IHS Markit Releases January Manufacturing and Service Purchasing Managers’ indices. The consensus estimate for the Manufacturing PMI is 56.5, while the Services PMI should be 53.6. Both readings are slightly below the December data.
The national association of Realtors reports existing home sales in December. Economists predict a seasonally adjusted annual rate of 6.4 million homes sold, less than November’s 6.7 million. In November, the average price for an existing home was $ 310,800, an increase of 14.6% year on year.
Write to Nicholas Jasinski at [email protected]