Calendar: Jan 20 – Jan 24, 2025

Monday January 20

U.S. markets closed (Martin Luther King Jr. Day)

World Economic Forum in Davos (through Friday)

Japan core machine orders and industrial production

(8:30 a.m. ET) Canada’s construction investment for November.

(10:30 a.m. ET) Bank of Canada’s Business Outlook Survey and Survey of Consumer Expectations for Q4.

Also: U.S. presidential inauguration.

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Tuesday January 21

Germany ZEW Survey

U.K. employment

(8:30 a.m. ET) Canadian CPI for December. The Street expects a decline of 0.4 per cent from November but a rise of 1.8 per cent year-over-year.

Earnings include: Capital One Financial Corp.; Charles Schwab Corp.; Interactive Brokers Group Inc.; Netflix Inc.; Prologis Inc.; United Airlines Holdings Inc.; 3M Co.

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Wednesday January 22

(8:30 a.m. ET) Canada’s industrial product and raw materials price indexes for December. Estimates are month-over-month increases of 0.7 per cent and 0.5 per cent, respectively.

(10:00 a.m. ET) U.S. leading indicator for December.

(10:15 a.m. ET) ECB President Christine Lagarde participates in a panel on “Unlocking Europe’s Potential” in Davos.

Earnings include: Abbott Laboratories; AGF Management Ltd.; Halliburton Co.; Johnson & Johnson; Kinder Morgan Inc.; Procter & Gamble Co.; Progressive Corp.; ServiceNow Inc.

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Thursday January 23

Japan trade balance

Bank of Japan monetary meeting and outlook report (through Friday).

Euro zone consumer confidence

(8:30 a.m. ET) Canadian retail sales for November. The Street expects a rise of 0.4 per cent from November and 0.1 per cent year-over-year.

(8:30 a.m. ET) U.S. initial jobless claims for week of Jan. 18. Estimate is 212,000, down 5,000 from the previous week.

Earnings include: American Airlines Group Inc.; CSX Corp.; GE Aerospace; Intuitive Surgical Inc.; NovaGold Resources Inc.; Texas Instruments Inc.; Union Pacific Corp.

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Friday January 24

Japan CPI and PMI

Euro zone PMI

(8:30 a.m. ET) Canadian labour force survey and revisions (1987-2024)

(8:30 a.m. ET) Canada’s manufacturing sales for December.

(8:30 a.m. ET) Canada’s new housing price index for December. Estimate is flat from November and up 0.2 per cent year-over-year.

(9:45 a.m. ET) U.S. S&P Global PMIs for January.

(10 a.m. ET) U.S. University of Michigan Consumer Sentiment Index for January.

(10 a.m. ET) U.S. existing home sales for December.

Earnings include: American Express Co.; NextEra Energy Inc.; Verizon Communications Inc.