Calendar: Jan 13 – Jan 17 2025

Monday January 13

Japanese markets closed

China aggregate yuan financing, new yuan loans and trade surplus

(2 p.m. ET) U.S. budget balance for December.

Earnings include: Cogeco Inc.; Cogeco Communications Inc.

—

Tuesday January 14

Japan bank lending

(6 a.m. ET) U.S. NFIB Small Business Economic Trends Survey for December.

(8:30 a.m. ET) U.S. PPI final demand for December. The Street is forecasting a rise of 0.3 per cent from November and up 3.6 per cent year-over-year.

Earnings include: OrganiGram Holdings Inc.

—

Wednesday January 15

Japan machine tool orders

Euro zone industrial production

(8:30 a.m. ET) Canada’s manufacturing sales and new orders for November. The Street is projecting a month-over-month rise of 0.5 per cent and 1.0 per cent, respectively.

(8:30 a.m. ET) Canadian wholesale trade for November. Estimate is a decline of 0.5 per cent from October.

(8:30 a.m. ET) Canada’s new motor vehicle sales for November. Estimate is a year-over-year increase of 9.0 per cent.

(8:30 a.m. ET) U.S. CPI for December. Consensus is a rise of 0.3 per cent from November and up 2.9 per cent year-over-year.

(9 a.m. ET) Canada’s existing home sales and average prices for December. Estimates are year-over-year increases of 13.5 per cent and 2.0 per cent, respectively.

(9 a.m. ET) Canada’s MLS Home Price Index for December. Estimate is a flat reading year-over-year.

(2 p.m. ET) U.S. Beige Book is released.

Earnings include: Bank of NY Mellon; Citigroup Inc.; Goldman Sachs Group Inc.; JPMorgan Chase & Co.; Wells Fargo & Co.

—

Thursday January 16

Euro zone trade surplus

Germany CPI

(8:15 a.m. ET) Canadian housing starts for December. Estimate is an annualized rate decline of 4.7 per cent.

(8:30 a.m. ET) U.S. initial jobless claims for week of Jan. 11. Estimate is 212,000, up 11,000 from the previous week.

(8:30 a.m. ET) U.S. retail sales for December. Consensus is a month-over-month gain of 0.5 per cent.

(8:30 a.m. ET) U.S. import prices for December. Estimate is a rise of 0.2 per cent from November and up 2.2 per cent year-over-year.

(10 a.m. ET) U.S. NAHB Housing Market Index for January.

(10 a.m. ET) U.S. business inventories for November.

(12:30 p.m. ET) Bank of Canada deputy governor Toni Gravelle speaks in Toronto.

Earnings include: Bank of America; Morgan Stanley; PNC Financial Services Group Inc.; PPG Industries Inc.; Richelieu Hardware Ltd.; Taiwan Semiconductor Manufacturing Co. Ltd.; Unitedhealth Group Inc.; U.S. Bancorp

—

Friday January 17

China GDP, industrial production, retail sales and fixed asset investment

Euro zone CPI

(8:30 a.m. ET) Canadian international securities transactions for November.

(8:30 a.m. ET) Canada’s household and mortgage credit for November.

(8:30 a.m. ET) U.S. housing starts for December. The Street expects an annualized rate rise of 2.0 per cent.

(8:30 a.m. ET) U.S. building permits for December. Consensus is an annualized rate decline of 2.2 per cent.

(9:15 a.m. ET) U.S. industrial production and capacity utilization for December.

Earnings include: Schlumberger NV; State Street Corp.; Truist Financial Corp.