What will drive the markets this week?
U.S. stocks closed high on Friday, in a volatile first trading week of the new year which saw markets reacting to talks on stimulus, the worst jobs report since last April, a resurgence of COVID-19 cases, and dramatic political activities in Washington DC and Georgia. European stocks also logged their strongest weekly gains since November.
This week investors will be looking at several economic data across the world, including the December 2020 retail sales in the U.S, the start of earnings season, and the investment blacklisting of several Chinese companies.
JPMorgan Chase, Citigroup, and other U.S. banks are set to kick off fourth-quarter earnings season this coming week, and a majority of S&P 500 companies will follow them over the next month. Read more on these and other insights on what will drive the stock market this week.
Monday, January 11:
- Japanese Markets Closed for Public Holiday
- British Retail Consortium (BRC) Retail Sales Monitor (December)
Tuesday, January 12:
- U.S. Energy Information Agency (EIA) Short-Term Energy Outlook
- U.S. Job Opening and Labor Turnover Survey (JOLTS) Job Openings (November)
- Indian CPI (December)
- Brazilian CPI (December)
Wednesday, January 13:
- Eurozone Industrial Production (November)
- U.S. Core CPI (December)
- U.S. Federal Reserve Beige Book
- Chinese Trade Balance (December)
Thursday, January 14:
- Delta Air Lines and BlackRock Inc. Report Earnings
- Indian Wholesale Price Index (WPI) Inflation (December)
- German Preliminary Gross Domestic Product (GDP) (Q4)
- European Central Bank Monetary Policy Statement
Friday, January 15:
- JPMorgan Chase & Co. reports earnings
- U.K. Manufacturing Production (November)
- U.K. Trade Balance (November)
- French CPI (December)
- Eurozone Trade Balance (November)
- Brazilian Retail Sales (November)
- U.S. Retail Sales (November)
- U.S. Producer Price Index (December)
- U.S. Industrial Production (December)
- U.S. Preliminary Michigan Consumer Expectations and Expectations (January)
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