Economic Calendar: Jan 27 – Jan 31

Monday January 27

China industrial profits and PMI

Germany business sentiment

(8:30 a.m. ET) Canadian wholesale trade for December.

(10 a.m. ET) U.S. new home sales for December. The Street expects an annualized rate rise of 0.9 per cent.

Earnings include: AT&T Inc.; Nucor Corp.

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Tuesday January 28

China’s markets closed (through Friday)

Japan machine tool orders

(8:30 a.m. ET) U.S. durable and core orders for December. The consensus estimates are month-over-month increases of 0.8 per cent and 0.2 per cent, respectively.

(9 a.m. ET) U.S. S&P CoreLogic Case-Shiller Home Price Index (20 city) for November. Consensus is a rise of 0.3 per cent from October and 4.3 per cent year-over-year.

(9 a.m. ET) U.S. FHFA House Price Index for November. The Street expects an increase of 0.3 per cent from October an up 4.2 per cent year-over-year.

(10 a.m. ET) U.S. Conference Board Consumer Confidence Index for January.

Earnings include: Boeing Co.; General Motors Co.; Metro Inc.; Royal Caribbean Cruise Ltd.; Starbucks Corp.; Stryker Corp.

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Wednesday January 29

Japan consumer confidence

(8:30 a.m. ET) U.S. goods trade deficit for December.

(8:30 a.m. ET) U.S. wholesale and retail inventories for December.

(9:45 a.m. ET) Bank of Canada policy announcement and monetary policy report with press conference to follow at 10:30 a.m.

(2 p.m. ET) U.S. Fed announcement with chair Jerome Powell’s press briefing to follow.

Earnings include: ADP; Alibaba ADR; ASML ADR; Canadian Pacific Kansas City Ltd.; Caterpillar Inc.; CGI Inc.; IBM; Meta Platforms Inc.; Methanex Corp.; Microsoft Corp.; Norfolk Southern Corp.; Qualcomm Inc.; Tesla Inc.

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Thursday January 30

Euro zone GDP, economic and consumer confidence and jobless rate

ECB monetary policy meeting

(8:30 a.m. ET) Canada’s payroll survey for November.

(8:30 a.m. ET) U.S. real GDP and GDP price index for Q4. The Street is expecting annualized rate increases of 2.6 per cent and 2.5 per cent, respectively.

(8:30 a.m. ET) U.S. initial jobless claims for week of Jan. 25. Estimate is 218,000, down, 5,000 from the previous week.

(10 a.m. ET) U.S. pending home sales for December. Consensus is a month-over-month decline of 1.0 per cent.

Earnings include: Altria Group; Amazon; Apple Inc.; Blackstone Inc.; Brookfield Infrastructure Partners LP; Canada Goose Holdings Inc.; Canadian National Railway Co.; Champion Iron Ltd.; Comcast Corp.; Mastercard Inc.; Rogers Communications Inc.; Thermo Fisher Scientific Inc.; United Parcel Service Inc.; Visa Inc.

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Friday January 31

Japan jobless rate, retail sales and industrial production

ECB’s three-year CPI expectations

Germany retail sales, CPI and unemployment

(8:30 a.m. ET) Canada’s monthly real GDP for November. Consensus is a drop of 0.1 per cent from October.

(8:30 a.m. ET) U.S. personal spending and income for January. The Street is projecting month-over-month increases of 0.5 per cent and 0.4 per cent, respectively.

(8:30 a.m. ET) U.S. core PCE price index for December. Consensus is a rise of 0.2 per cent from November and up 2.8 per cent year-over-year.

(8:30 a.m. ET) U.S. employment cost index for Q4. The Street is estimating an increase of 1.0 per cent from Q3 and up 4.0 per cent year-over-year.

(9:45 a.m. ET) U.S. Chicago PMI for January.

Also: Ottawa’s budget balance for November.

Earnings include: AbbVie Inc.; Brookfield Business Partners LP; Brookfield Renewable Partners LP; Chevron Corp.; Colgate-Palmolive Co.; Exxon Mobil Corp.; Imperial Oil Ltd.;