What will drive the markets this week?
U.S. stocks closed lower last week as investors digested disappointing bank earnings and a December slump in retail sales.
This week markets will turn their attention to the first days of the #Biden administration, earnings from big banks and Netflix, and initial unemployment numbers. Read more on these and other insights on what will drive the stock market this week.
What will drive the markets this week?
Monday, January 18:
- Markets Closed in the U.S. for Martin Luther King Jr. Day
- Italian Consumer Price Index (CPI) (December)
- Canadian Housing Starts (December)
Tuesday, January 19:
- Earnings: Bank of America, Netflix, Halliburton, Charles Schwab & Goldman Sachs
- German ZEW Economic Sentiment Index (January)
- Germany CPI (December)
- People’s Bank of China Loan Prime Rate Announced
Wednesday, January 20:
- Joe Biden Is Inaugurated as President of the United States
- Earnings: Morgan Stanley, US Bancorp, Citizens Financial Group, Bank of New York Mellon Co., Procter & Gamble, UnitedHealth Group, Alcoa & United Airlines.
- U.K. CPI (December)
- German Producer Price Index (PPI) (December)
- Eurozone CPI (December)
- Canadian Core CPI (December)
- Bank of Canada Interest Rate Decision and Monetary Policy Report
- Brazilian Central Bank Interest Rate Decision
- Japanese Trade Balance (December)
Thursday, January 21:
- Earnings: Truist Financial, Baker Hughes, Union Pacific, IBM & Intel.
- European Central Bank (ECB) Interest Rate Decision
- U.S. Weekly Initial Jobless Claims
- U.S. Building Permits (December)
- U.S. Housing Starts (December)
- Philadelphia Federal Reserve Manufacturing Index (January)
- Bank of Japan Monetary Policy Statement and Interest Rate Decision
- Japanese National Core CPI (December)
Friday, January 22:
- Earnings: Kansas City Southern, Schlumberger & Ally Invest.
- U.K. Retail Sales (December)
- U.K Preliminary Manufacturing, Composite, and Services PMI (January)
- Eurozone Preliminary Manufacturing, Composite, and Services PMI (January)
- German Preliminary Manufacturing and Services Purchasing Managers’ Indexes (PMIs) (January)
- French Preliminary Manufacturing and Services PMI (January)
- Canadian Core Retail Sales (November)
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