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The US stock and bond markets are closed Monday to Martin Luther King Jr. Day. Earning season will pick up 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
all report.
Intel,
IBM,
and
Union Pacific
go on Thursday, followed by
Kansas City South
and
Schlumberger
on Friday.
This week’s economic data includes several housing market indicators: the National Association of Home Builders’ NAHB /
Wells Fargo
Housing market index for January on Wednesday, the Census Bureau’s new housing data for December on Thursday, and the National Association of Realtors’ sales of existing homes for December on Friday. Also on Fridays
IHS Markit
publishes the Manufacturing and Services purchasing manager indexes for January.
The European Central Bank and the
Bank of Japan
both will announce their latest monetary policy decisions on Thursday. And Wednesday at noon ET, Joe Biden will be sworn in as the 46th president of the US.
Monday 18/01
Stock and fixed income markets are closed subject to 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
report earnings.
Williams
Cos. Organizes a virtual environmental, social and corporate governance event. The company’s CEO, Alan Armstrong, will discuss the company’s forward-looking strategy for sustainable operations with senior leadership.
Wednesday 1/20
Joe Biden will be sworn in as the 46th president of the US 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 report quarterly results.
The National Association from Home Builders publishes its NAHB / Wells Fargo Housing Market Index for January. The consensus estimate is for 86 measurements, which is consistent with December data.
Thursday 21-1
The European Central Bank announces its monetary policy decision. The ECB is unlikely to change the rate on the deposit facility, which is currently a record low of 0.5%.
Baker Hughes,
CSX,
Fifth Third Bancorp,
Intel, IBM,
Northern Trust,
PPG Industries,
Travelers,
Truist Financial,
and Union Pacific announce the results.
The Census Bureau reports new housing data for December. Economists predict a seasonally adjusted annual rate of 1.56 million home starts, slightly more than in November. Building permits come in at 1.6 million, just below last month’s data.
The Bank of Japan announces its monetary policy decision. The central bank is expected to keep its key short-term interest rate unchanged at -0.1%. It has been five years since Japan first set negative interest rates to break a deflationary spiral.
Friday 01/22
Huntington Bancshares,
Kansas City South,
Regions Financial,
and Schlumberger hold conference calls to discuss quarterly results.
IHS Markit releases both the indices of the purchasing managers of production and services for January. The consensus estimate for the Manufacturing PMI is 56.5, while the Services PMI is expected to be 53.6. Both values are slightly below the December data.
The National Association van Realtors reports existing homes sales for December. Economists forecast a seasonally adjusted annual rate of 6.4 million homes sold, down from 6.7 million in November. In November, the median price of an existing home was $ 310,800, up 14.6% year-over-year.
Write to Nicholas Jasinski at [email protected]