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The week ahead: 17/01/22

Banking dominates the earnings this week, with figures from Goldman Sachs, Charles Schwab, Bank of America, Morgan Stanley and US Bancorp, among others. We’re also due results from Alcoa, Burberry, Netflix, Travelers, American Airlines, United Airlines and Associated British Foods. Inflation data will also be scrutinised, with CPI figures published for the UK, Germany, the eurozone and Japan.

Monday 17 January

While the US celebrates Martin Luther King Jr Day, the earnings schedule is quite light. Among the macroeconomic data, we’ll see the Chinese Q4 GDP and December industrial production figures. Last week Goldman Sachs cut its 2022 growth forecast for China in light of efforts to contain the Omicron variant.

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Tuesday 18 January

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   Goldman Sachs chart: 14/01/22

On Tuesday earnings are expected from banking groups Goldman Sachs, Charles Schwab, PNC and Truist. Also keep a look out for Japanese industrial production figures, the UK average earnings and claimant count, the ZEW report on German economic sentiment and current conditions, and the Empire State index of manufacturing conditions in New York. Meanwhile the Bank of Japan will make a decision on interest rates.

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Wednesday 19 January

Wednesday’s busy earnings schedule includes Dow components UnitedHealth and Proctor & Gamble (currently set to acquire prestige beauty brand Tula), financial services firms Bank of America, Morgan Stanley, US Bancorp, Discover and State Street, real estate investment trust Prologis, energy infrastructure firm Kinder Morgan, aluminium producer Alcoa, and UK fashion house Burberry. We’ll also get the latest UK and German CPI data, US building permits and housing starts, and the Japanese trade balance.

Thursday 20 January

Earnings season continues apace on Thursday with figures due from TV streamer Netflix, insurance firm Travelers, railroads Union Pacific, CSX and Kansas City Southern, surgical equipment firm Intuitive, paint producer PPG, US banks Fifth Third, Northern Trust, Regions Financial, M&T and First Horizon, oilfield services firm Baker Hughes, carriers American Airlines and United Airlines, and FTSE 100 component Associated British Foods. The food-processing multinational should also provide some insight on recent supply-chain challenges. Key data includes Australian employment change, German PPI, eurozone CPI, US existing home sales and the Philadelphia Fed manufacturing index, and the Japanese national CPI.

Friday 21 January

At 6am (UK time) on Friday the UK retail sales data is published. High-street spending is firmly in the spotlight after the BRC’s retail sales monitor last week warned of the impact of inflation in 2022. Oilfield services firm Schlumberger and US banks Huntington and People’s United will also be reporting to the market.

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Published: 17 January 2022

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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