The holiday season officially ended and today starts the first full week for the markets in 2019. The big focus of the investors will be the trade balance of Australia, the US, and the UK.
All the investors will expect the meeting between the US and Chinese representatives in Beijing, which may give signs for any development of the relations between the two countries on the trade front. The meeting is scheduled for January 7-8.
Upcoming economics data
On Monday, January 7, data on German factory orders for November will be released as well as the data on retail sales. Also during the day will be published the data on retail sales for the Eurozone with analysts’ consensus forecast for growth of only 0.1% against 0.3% in the previous month.
On Tuesday, January 8, the investors will expect the Australian trade balance for November. In Germany, the industrial output is expected to rise by 0.3% in November, down from 0.5% in the previous month. Later, the focus will move to the business climate and consumer confidence in the Eurozone. In the United States, the markets will watch the trade balance data for November, as well as imports and exports.
On Wednesday, January 9, will be published the German trade balance for November. It will be followed by Eurozone labor data with the consensus on the market is to keep unemployment at 8.1%. In the US will be released the current data on crude oil stockpiles. The Canadian Central Bank holds a meeting and is expected to come up with a decision to keep the country’s main interest rate at 1.75%.
On Thursday, January 10, the day will start with China’s inflation data for December. The forecasts are for a slight deceleration on an annual basis to 2.1% and 0.3% on a month-on-month basis. The European Central Bank will publish the report of its last meeting. There will be a series of macro data in the United States – applications for unemployment benefits, sales of new homes and more.
On Friday, January 11, the investors will watch for the retail sales in Australia for November with forecasts suggesting that they will show a slight increase to 0.4% against 0.3% a month earlier. A series of important data will be published in the UK, including the GDP, industrial output and trade balance. In the United States, the markets will watch for the release of the core inflation with expectations to remain stable at 2.2% YoY and 0.2% MoM.
Upcoming corporate reports
The week will not be much busy with corporate reports, but some of the US metal and steel giants will release their financial statements and will show the state of the country’s industry during the year.
On Monday, January 7, the US steel and metal manufacturer Commercial Metals Company is expected to publish its financial statement.
On Tuesday, January 8, the steel manufacturer AZZ Incorporated and the farm and construction machinery maker Lindsay Manufacturing will report their earnings and revenues. During the day will be published the statements of Motorcar Parts of America and Northern Technologies International.
On Wednesday, January 9, the industrial equipment distributor MSC Industrial Direct and steel manufacturer Schnitzer Steel Industries will publish their finance reports. During the day will be published the earnings and revenue reports of VOXX International Corp, Richardson Electronics and Central Americal stores chain PriceSmart.
On Thursday, January 10, the markets will watch the finance reports of FuelCell Energy, SYNNEX Corporation and Cogeco Communications.
On Friday, January 11, the Canadian Cannabis company Aphria Inc will publish its finance report. Also important finance statement during the day will be the report of the mass media company Corus Entertainment.