Week Ahead – w4 (2021)
Summary Key Macro Events
⚠ The World Economic Forum will host a virtual Davos Agenda event throughout the week, gathering over 1,500 political and business leaders worldwide. Through Jan. 29. President Xi Jinping addresses the gathering on Monday to discuss China’s pandemic experience and economic recovery. It will be Xi’s second Davos appearance after his debut in 2017 – Nikkei (25)
New CDU leader Armin Laschet holds a news conference after CDU leadership meeting in Berlin on Monday – FT (25)
Italian Prime Minister Giuseppe Conte will likely pursue efforts to restore his senate majority, with plans for spending EU recovery funds hanging in the balance – Bloomberg (25)
EU foreign affairs ministers are scheduled to discuss current issues affecting the bloc. Turkey will also hold exploratory talks with Greece in Istanbul, seeking to defuse years of conflict over sovereignty and energy rights – Bloomberg (25)
⚠ The IMF releases its latest World Economic Outlook (26)
The ECB’s Philip Lane speaks at a online event in Brussels hosted by the Bruegel think tank, called “In search of a fitting monetary policy: the ECB’s strategy review.” – Bloomberg (27)
Durable Goods Orders for December (27)
The US Federal Open Market Committee concludes its two-day meeting on Wednesday, its first gathering of 2021. (27)
U.S.-China Economic and Security Review Commission holds a hearing. The commission is mandated by Congress to report annually on the national security implications of the economic relationship between the U.S. and China, which has been a rocky one lately – Bloomberg (28)
ECB Executive Board member Isabel Schnabel speaks at an LSE event – Bloomberg (28)
4Q GDP 1st estimate (28)
New Home Sales for December (28)
4Q GDP (29)
Earnings
#earnings for the week https://t.co/lObOE0dgsr $AAPL $TSLA $AMD $FB $MSFT $JNJ $GE $BA $MMM $T $LMT $VZ $DHI $AAL $MCD $ABT $FCX $KMB $AXP $RTX $NEE $XLNX $V $SBUX $CAT $LRCX $MA $OFG $NOW $NDAQ $NVS $PLD $PII $MKC $BMRC $ALK $SHW $TXN $NEP $LUV $BOH $LLY $SWKS $PGR $PHG pic.twitter.com/xnNijGSVuU
— Earnings Whispers (@eWhispers) January 23, 2021
*It's The Busiest Week Of The Q4 Earnings Season! Results Are Due From:
-Apple
-Microsoft
-Tesla
-AMD
-McDonald’s
-Starbucks
-American Airlines
-Southwest Airlines
-Boeing
-Caterpillar
-General Electric
-Johnson & Johnson
-Visa
-Mastercard
-American Express
-Chevron pic.twitter.com/RjBLV8Ex5k— Investing.com (@Investingcom) January 24, 2021
The U.S. earnings season kicks into high gear next week as over one-third of the companies set to report before Feb. 26 reveal quarterly results, offering a possible glimpse at what lies ahead amid the pandemic – Bloomberg pic.twitter.com/Y4XvgnSUWX
— Christophe Barraud (@C_Barraud) January 22, 2021
Previews
Read our LiveSquawk Focus on the Week Ahead here: https://t.co/DxJdMGB0N4 pic.twitter.com/fNySIePPhU
— LiveSquawk (@LiveSquawk) January 22, 2021
#Fed Takes U.S. Fiscal Temperature in New Era of Biden: Eco Week – Bloomberg
*Link: https://t.co/JQrF4Euspv pic.twitter.com/oIryycOdFS— Christophe Barraud (@C_Barraud) January 24, 2021
Vietnam congress, Fed meeting, tech reports, Davos goes online https://t.co/Ij7t9EkKbS
— FT Economics (@fteconomics) January 24, 2021
Xi addresses Davos, Samsung results, Vietnam party congress — Your Week in Asiahttps://t.co/sJGftcNgyx
— Nikkei Asia (@NikkeiAsia) January 24, 2021
The EU Foreign Affairs Council has started. Ministers have a full agenda and will discuss i.a.
– the detention of Alexei #Navalny
– EU-US relations
– COVID19 vaccine sharing strategy
– Climate and energy diplomacy
– EU-Japan relations
– EU-UK cooperation post #Brexit.#FAC pic.twitter.com/h3rtmV8kuV— Sebastian Fischer (@SFischer_EU) January 25, 2021
Here's what's happening next week in the credit market https://t.co/tcCNmEjlor
— Bloomberg Asia (@BloombergAsia) January 23, 2021
Rates traders are counting on Jerome Powell to quell talk of a 2021 tapering https://t.co/SpFeqJghkQ
— Bloomberg Economics (@economics) January 24, 2021
Focus on Economic Calendar
Schedule for Week of January 24, 2021 https://t.co/NpJojvFhs7 The key reports scheduled for this week are the advance estimate of Q4 GDP and December New Home sales. … The FOMC meets this week, and no change to policy is expected at this meeting.
— Bill McBride (@calculatedrisk) January 23, 2021
U.S. ECONOMIC DATA THIS WEEK:
*CONSUMER CONFIDENCE (TUES.)
*FED POLICY DECISION (WED.)
*DURABLE GOODS ORDERS (WED.)
*PRELIM Q4 GDP (THURS.)
*JOBLESS CLAIMS (THURS.)
*NEW HOME SALES (THURS.)
*PERSONAL SPENDING (FRI.)
*PENDING HOME SALES (FRI.)⚠️ https://t.co/zssQozulLL$SPY pic.twitter.com/P8WNcZuPF9
— Investing.com (@Investingcom) January 24, 2021
Top 10 Macro/Financial Charts of the Previous Week – w3
⚠ Top 10 Macro/Financial Charts of the Week – w3 ⚠#SPX #Tech #Gamma #Buybacks #Insiders
HT @zerohedge, @jessefelder, @BittelJulien, @johnauthers, @SoberLookhttps://t.co/xfD3zxC1Hf
— Christophe Barraud (@C_Barraud) January 25, 2021