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The week ahead: 23/01/23

This week is dominated by heavyweight earnings, including Microsoft, Verizon, 3M, Tesla, IBM, Boeing, Visa, Mastercard, Intel, Comcast, American Airlines, Chevron, American Express and Colgate-Palmolive. The macroeconomic data releases include CPI updates for Australia and Tokyo, and our first look at US GDP for the fourth quarter.

Monday 23 January

While China enjoys its week-long New Year holiday, on Monday we’ll see the US leading index for December, eurozone consumer confidence (which improved slightly to -22.2 in December) and, late in the day, the flash manufacturing and services PMI for Australia. Earnings come from oilfield services company Baker Hughes and financial services firm Synchrony.

Our economic calendar will keep you up to date with key data releases.

Tuesday 24 January

Microsoft chart: 20/01/23
   Microsoft chart: 20/01/23 (click to expand image)

Dow components Microsoft, Verizon and 3M report to the market on Tuesday, along with diversified conglomerate Danaher, semiconductor maker Texas Instruments, aerospace and defence contractors Raytheon and Lockheed Martin, US railroad Union Pacific, medical equipment provider Intuitive Surgical, credit card firm Capital One, oilfield services firm Halliburton, truck maker Paccar, food producer Associated British Foods, computer peripherals firm Logitech and investment manager Invesco. We’ll also get flash manufacturing and services PMI data for Japan, France, Germany, the eurozone, the UK and the US, plus the German GfK consumer climate and, in the UK, the latest CBI industrial trends survey. Last time out the CBI revealed that UK manufacturing output volumes were falling at the highest rate since 2020.

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Wednesday 25 January

Electric car firm Tesla posts earnings on Wednesday, after introducing price cuts earlier this month. Updates are also due from Dow components IBM and Boeing, medical equipment provider Abbott, clean energy company NextEra, US telecoms firm AT&T, HR software provider ADP, insurance company Progressive, financial services firms US Bancorp and Ameriprise, rail transport firms CSX and Norfolk Southern, aerospace and defence contractor General Dynamics, consumer goods firm Kimberly-Clark and budget airline easyJet. Also look out for the Australian CPI for the fourth quarter and the German Ifo business climate index for January.

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Thursday 26 January

Another busy earnings schedule on Thursday includes Dow components Visa and Intel, telecoms conglomerate Comcast, payment processor Mastercard, German enterprise software company SAP, drinks firm Diageo, investment manager Blackstone, paint manufacturer Sherwin-Williams, professional services firm Marsh McLennan, aerospace and defence contractors Northrop Grumman, manufacturing group Rockwell Automation, food producer ADM, UK corporate finance group 3i and leading airline American. The US carrier last week announced the expansion of its summer schedule at London Heathrow. In the US we’ll see the first estimate of Q4 GDP, plus December durable goods orders and new home sales, while late in the day in Japan the latest Tokyo CPI is released.

Buy or sell stock indices for a broad market view.

Friday 27 January

Two more Dow components Chevron and American Express provide updates on Friday, along with consumer goods company Colgate-Palmolive and engineering conglomerate Roper. Keep an eye out too for the latest Australian PPI and, in the US, the December personal income and spending and pending home sales, plus the University of Michigan consumer sentiment report.

Published: 23 January 2023

You should under no circumstances consider the information and comments provided as an offer or solicitation to invest. This is a macro summary of scheduled news announcements and is not investment advice, independent research or an investment recommendation. The information provided is believed to be accurate at the date the information is produced.

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