Company / Analytics

Analytics, 16 January 2023

What will drive the markets this week?

Last week was one of the best weeks for stocks globally as various indices and sectors advanced higher, thanks to investors globally digesting bank earnings in the US and betting inflation would ease in 2023. Wall Street indices ended Friday and the week in gains, while stocks in Europe and Asia also shot higher. It was the second consecutive week where the S&P 500 and the Nasdaq composite posted positive weekly gains.

This week will be a holiday-shortened one, with U.S. markets closed on Monday. However, it will still be a busy week for earnings, with more reports due from big banks and financial sector firms, including Morgan Stanley, Goldman Sachs, Charles Schwab, PNC Bank, and Discover Financial Services, among others. We’ll also get earnings from United Airlines, American Airlines, Procter & Gamble, and Netflix.

On Wednesday, the U.S. Census Bureau will report on December retail sales, while the Bureau of Labor Statistics (BLS) will issue the latest Producer Price Index (PPI). We can also expect updates on the housing market, including December housing starts, building permits, and existing home sales.

Events expected to influence financial markets in the week

Monday, January 16

Tuesday, January 17

Wednesday, January 18

Thursday, January 19

Friday, January 20

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