Calendar: Jan 26 – Jan 30 (Earnings Season Begins)

Monday January 26

Germany’s business sentiment

(8:30 a.m. ET) Canada’s annual revisions to Labour Force Survey (2023-2025)

(8:30 a.m. ET) U.S. durable goods orders for November. The consensus projection on the Street is an increase of 3.0 per cent from the previous month.

Earnings include: Nucor Corp., Steel Dynamics Inc.

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Tuesday January 27

China’s industrial profits

Japan’s machine tool orders

Germany’s retail sales

(8:15 a.m. ET) U.S. ADP National Employment Report estimate for Jan. 10.

(9 a.m. ET) U.S. FHFA House Price Index for November.

(9 a.m. ET) U.S. S&P Cotality Case-Shiller Home Price Index for November. Consensus is a month-over-month rise of 0.2 per cent and year-over-year gain of 1.1 per cent.

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

Also: U.S. Fed meeting begins

Earnings include: AGF Management Ltd., Boeing Co., General Motors Co., Metro Inc., NextEra Energy Inc., Texas Instruments Inc., UnitedHealth Group Inc., United Parcel Service Inc.

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Wednesday January 28

(9:45 a.m. ET) Bank of Canada’s policy announcement and release of its Monetary Policy Report with press conference with Governor Tiff Macklem to follow.

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

Earnings include: ASML ADR, Canadian Pacific Kansas City Ltd., Celestica Inc., CGI Inc., IBM, Meta Platforms Inc., Microsoft Corp., Starbucks Corp.; Tesla Inc.

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Thursday January 29

Japan’s jobless rate and retail sales

(8:30 a.m. ET) Canada’s merchandise trade balance for November.

(8:30 a.m. ET) Canada’s Survey of Employment, Payrolls and Hours for November.

(8:30 a.m. ET) U.S. initial jobless claims for week of Jan. 24.

(8:30 a.m. ET) U.S. goods and services trade balance for November.

(8:30 a.m. ET) U.S. productivity for Q3. The consensus is a PPI increase of 0.3 per cent from the previous quarter.

(10 a.m. ET) U.S. factory orders for November.

(10 a.m. ET) U.S. wholesale trade for November.

Earnings include: Amazon.com Inc., Apple Inc., Blackstone Inc., Brookfield Infrastructure Partners LP, Caterpillar Inc., Champion Iron Ltd., Lockheed Martin Corp., Mastercard Inc., Rogers Communications Inc., Southern Copper Corp., Visa Inc.

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Friday January 30

China’s manufacturing PMI

Euro zone’s GDP and unemployment rate

(8:30 a.m. ET) Canada’s monthly real GDP for November. The Street is projecting a month-over-month increase of 0.1 per cent.

(8:30 a.m. ET) U.S. product price index for December.

Also: Ottawa’s Fiscal Monitor for November is expected.

Earnings include: American Express Co., Brookfield Business Partners LP, Brookfield Renewable Partners LP, Canadian National Railway Co., Chevron Corp., Exxon Mobil Corp., Imperial Oil Ltd., Verizon Communications