The Week Ahead For January 20th to 24th
The NASDAQ 100, Dow Jones Industrial Average, S&P 100 and Russell 2000 were higher for the week.
1.Geopolitical and Fiscal Events. Markets are closed on Monday for Martin Luther King Holiday. Tuesday see impeachment proceedings get underway. Also, on Tuesday the World Economic Forum begins in Davos, Switzerland. Last on Tuesday the Bank of Japan announces its latest monetary policy decision. Thursday sees the ECB announce its latest decision.
2.Economic Releases. Releases of note this week and next include the weekly chain store sales, oil/gas numbers, mortgage applications and jobless claims as well as existing home sales and leading indicators.
3.Earnings Releases. Notable releases this upcoming week include NFLX IBM JNJ ABT PG INTC NEE AXP.
Monday, January 20
Markets are closed in the United States for Martin Luther King Day observances.
President Trump flies to Davos overnight.
Tuesday, January 21
The Bank of Japan is out with its latest interest rate decision before the market opens.
The World Economic Forum begins in Davos, Switzerland.
Wednesday, January 22
December Existing Home Sales are due out at 8:30 a.m. EDT and is expected to rise to 5.42 million from 5.35 million. Thursday, January 23
The European Central Bank (ECB) will announce its latest interest rate decision before the open.
December Leading Indicators are due out 10:00 a.m. EDT and the estimate is for a drop of -0.2% from 0.0%.
Friday, January 24
None of note to end the week.
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