Week Ahead – w1 (2021)
Summary Key Macro Events
OPEC+ alliance energy ministers hold their monthly virtual gathering to decidewhether to add as much as 500,000 barrels a day to production – Bloomberg (4)
The Gulf Cooperation Council summit will be held in Saudi Arabia (5)
The World Bank releases its Global Economic Prospects report (5)
German Chancellor Angela Merkel is due to meet with regional leaders to discuss new pandemic measures – Bloomberg (5) ➡ Lockdown could be extended until Jan. 31 according to Bild
ISM Manufacturing for December (5)
The Georgia Senate runoffs on Tuesday may affect sentiment toward risk assets, with the outcome set to decide control of the U.S. Senate and influence the ability of President-elect Joe Biden to advance his legislative agenda. If Democrats win both Georgia races, the Senate would be split 50-50, giving Kamala Harris, vice-president, the tiebreaking vote (5)
BOE’s Andrew Bailey, Sam Woods, Anil Kashyap and Don Kohn will be questioned by the U.K. Treasury Select Committee about the BOE’s Financial Stability Report – Bloomberg (6)
Mr Biden will be declared the official victor of the presidential election on Wednesday – FT (6)
FOMC Minutes (6)
CPI for December (7)
ISM Services for December (7)
Employment Report for December (8)
Vice Chairman Richard Clarida speaks on Friday (8)
Earnings
#earnings are back this week…https://t.co/lObOE0dgsr $MU $BBBY $SMPL $WBA $STZ $RPM $MSM $CAG $UNF $HELE $ANGO $SGH $AYI $REVG $LW $WDFC $LNN $LNDC $SAR $RGP $GBX $ACCD $DCT $FC $NTIC $SCHN pic.twitter.com/Mh3WZ09PDd
— Earnings Whispers (@eWhispers) January 2, 2021
Previews
LiveSquawk Focus On The Week Ahead https://t.co/DxJdMGB0N4 pic.twitter.com/XFGKqjwbfT
— LiveSquawk (@LiveSquawk) January 3, 2021
Georgia Senate run-offs, Covid vaccinations, US non-farm payrolls https://t.co/8o3L3km6Sd
— FT Economics (@fteconomics) January 3, 2021
#Valuation Caution Returns as #Emerging Markets Face 2021 Reality – Bloomberghttps://t.co/gmQBzyoNxF
— Christophe Barraud (@C_Barraud) January 3, 2021
Politics could be front and center as a catalyst for stocks in the first week of the new year https://t.co/CVO3KlHcnZ pic.twitter.com/lZWXoowidl
— Patti Domm (@pattidomm) December 31, 2020
Focus on Economic Calendar
Schedule for Week of January 3, 2021 https://t.co/J6xWw91QHJ The key report this week is the December employment report on Friday.
Other key indicators include the December ISM manufacturing and services indexes, December vehicle sales, and the November trade deficit.
— Bill McBride (@calculatedrisk) January 2, 2021
Did U.S. lose jobs in December for first time since earliest stages of pandemic? https://t.co/ZaggLhuVcB
— MarketWatch (@MarketWatch) January 1, 2021
FED SPEECHES THIS WEEK:
*FOMC MEMBER MESTER (MON. 12:15PM)
*FOMC MEMBER WILLIAMS (TUES. 3:45PM)
*FOMC MEMBER HARKER (THURS. 9AM)
*FOMC MEMBER BULLARD (THURS. 11AM)
*FOMC MEMBER DALY (THURS. 3PM)
*FOMC VICE CHAIR CLARIDA (FRI. 11AM)⚠️https://t.co/AmVMcvVtCV$DIA $SPY $QQQ pic.twitter.com/mu8buAkhGC
— Investing.com (@Investingcom) January 3, 2021
Top 10 Macro/Financial Charts of the Previous Week – w53
⚠ Top 10 Macro/Financial Charts of the Week – w53 ⚠
HT @charliebilello, @jsblokland, @Callum_Thomas, @zerohedge, @HorizonKinetics, @LanceRobertshttps://t.co/MEgHyCaZFT
— Christophe Barraud (@C_Barraud) January 4, 2021