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US stock and bond markets will close on Monday for Martin Luther King Jr. Day. The earnings season increases when investors return on Tuesday, starting with
bank of america,
Goldman Sachs
Group,
Halliburton,
i
Netflix.
Wednesday,
Morgan Stanley,
Procter & Gamble,
United Airlines Holdings,
i
UnitedHealth Group
all report.
Intel,
IBM,
i
Union Pacific
go Thursday, followed by
Kansas City Southern
i
Schlumberger
Friday.
Economic data released this week includes several indicators of the housing market: the National Association of Home Builders (NAHB) /
Wells Fargo
Housing market index for January-Wednesday, new residential construction data from the Census Bureau from Thursday to December and sales of existing homes from the National Association of Realtors from Friday to December. Also on Friday,
IHS Markit
will publish manufacturing and service purchasing manager indices for January.
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 swear to be the 46th president of the United States
Monday 1/18
Shares and fixed income markets close in observation of Martin Luther King Jr. Day.
Tuesday 1/19
Bank of America,
Charles Schwab,
Goldman Sachs Group, Halliburton,
Transportation services JB Hunt,
Netflix,
State Street,
i
Zions Bancorp
report earnings.
Williams
Cos. It hosts a virtual environmental, social and corporate governance event. The firm’s CEO, Alan Armstrong, along with senior leadership will discuss the company’s forward-looking strategy for sustainable operations.
Wednesday 20/20
Joe Biden will be sworn in as the 46th U.S. president 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 present quarterly results.
The National Association of Home Builders publishes its January NAHB / Wells Fargo Housing Market index. The consensus estimate is 86 readings, which 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, which currently has an all-time low of 0.5%.
Baker Hughes,
CSX,
Fifth Third Bancorp,
Intel, IBM,
Northern Trust,
PPG Industries,
Travelers,
Truist Financial,
and Union Pacific announce gains.
The Census Bureau reports new residential construction data for December. Economists predict a seasonally adjusted annual rate of 1.56 million home starts, slightly more than the November figure. Construction permits are seen to reach 1.6 million, just below the previous month’s figures.
The Bank of Japan announces its monetary policy decision. The central bank is expected to maintain its key short-term rate unchanged at 0.1% negative. It has been five years since Japan first introduced negative interest rates to avoid a deflationary spiral.
Friday 22/01
Huntington Bancshares,
Kansas City Southern,
Financial Regions,
and Schlumberger hold conferences to discuss quarterly results.
IHS Markit releases both 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 below the December data.
The National Association of real estate agents reports on existing home sales in December. Economists predict 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 housing was $ 310,800, up 14.6% from the previous year.
Write to Nicholas Jasinski to [email protected]