The week ahead: 24/01/22
Over a third of the Dow Jones Industrial Average reports this week, with earnings from IBM, Microsoft, American Express, 3M, Intel, Boeing, Apple, Visa, McDonald’s, Chevron and Caterpillar. The other key event of the week is Thursday’s FOMC decision on US interest rates.
Monday 24 January
Dow component IBM reports quarterly earnings on Monday, along with oilfield services firm Halliburton, US insurance provider Brown & Brown, steel producer Steel Dynamics and financial services provider Zions Bank. We’ll also see preliminary manufacturing and services PMI data for France, Germany, the eurozone, the UK and the US.
Tuesday 25 January
Three more Dow components – Microsoft, American Express and 3M – present earnings on Tuesday. Also expect figures from telecoms firms Ericsson and Verizon, semiconductor producer Texas Instruments, energy company NextEra, multinational conglomerate General Electric, aerospace and defence contractors Lockheed Martin and Raytheon, credit card company Capital One and truck manufacturer Paccar. Amongst the macroeconomic data, look out for Australia’s Q4 CPI (key to the RBA’s thinking on monetary policy) and the Ifo survey of business sentiment in Germany. In the UK the CBI releases its industrial trends orders report.
Wednesday 26 January
All eyes will be on the Fed on Wednesday to see whether the FOMC follows the BoE in hiking interest rates. We’ll also get the US goods trade balance, retail inventories and new home sales data. Electric vehicle pioneer Tesla reports to the market, while other notable earnings come from semiconductor manufacturer Intel, health tech firm Abbott, telecoms group AT&T, aerospace manufacturer Boeing, health insurer Anthem, US railroad Norfolk Southern, defence contractor General Dynamics and auto insurer Progressive.
Thursday 27 January
The earnings continue thick and fast on Thursday with figures from tech giant Apple (currently fighting new US antitrust legislation), credit card firms Visa and Mastercard, US broadcaster Comcast, fast food chain McDonald’s, enterprise software firm SAP, drinks company Diageo, medical tech firm Stryker, snack food brand owner Mondelez, aerospace firm Northrop Grumman, US manufacturer Rockwell Automation and DAX 40 component Deutsche Bank. Keep an eye out, too, for the GfK index of German consumer sentiment, the US durable goods orders, preliminary Q4 GDP and pending home sales, and overnight in Japan, the Tokyo CPI.
Friday 28 January
The week draws to a close with figures from heavy equipment manufacturer Caterpillar, consumer goods company Colgate-Palmolive, energy firm Phillips 66, US timberland company Weyerhaeuser, financial services firm Synchrony and toothpaste producer Church & Dwight. Earnings from oil major Chevron should also shed light on the impact of rising crude oil prices. Data on Friday includes Australian PPI, French consumer spending and GDP, and the US PCE price index, employment cost index, personal spending and University of Michigan consumer sentiment.
Published: 24 January 2022
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