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HomeNewsWeekly newsWeek ahead: What are the markets watching this week?

Week ahead: What are the markets watching this week?

Week ahead

Key earnings reports and economic events like US trade deficit statistics and consumer credit report will drive Wall Street stock prices this week.

Highlights

  • Earnings reports continue, with bellwether businesses including Ford Motor Co., McDonald’s Corp., Caterpillar Inc., PepsiCo Inc., and Walt Disney Co. scheduled to disclose quarterly results.
  • Several Federal Reserve officials will speak following last week’s interest-rate decision, and Treasury Secretary Janet Yellen will testify before Congress.
  • This week’s economic updates include an annual update of Consumer Price Index (CPI) seasonal variables, as well as information on consumer credit and the United States trade imbalance.
  • An update on the congressional budget will provide insight into the long-term consequences of borrowing on the US economy.

In the coming week, PepsiCo, McDonald’s, Caterpillar, Alibaba, and Philip Morris will report earnings.

Key economic events
February 5 will see the final S&P US services PMI and ISM services data for January.

US trade deficit and consumer credit figures for December and January will be released on February 7.

On February 9, CPI seasonal factor revisions will be reported.

Earnings
McDonald’s, Caterpillar, Vertex Pharmaceuticals, Tyson Foods, NXP Semiconductors, Estee Lauder, Eli Lilly, Toyota Motor, Centene, Amgen, Ford Motor, BP, Alibaba, CVS Health, Fox Corporation, McKesson, Disney, Uber Technologies, PayPal, ConocoPhillips, Philip Morris, Duke Energy, Expedia, Take-Two Interactive, Pinterest, Kenvue, PepsiCo, Newell Brands, and AMC Networks report quarterly earnings this week.

US stocks last week

US markets rose strongly Friday on solid profits and January job figures.

S&P 500 ended session up 1.07 percent at 4,958.61. Nasdaq increased 1.74 percent to 15,628.95 points, Dow Jones Industrial Average rose 0.35 percent to 38,654.42.

After the jobs report, the 10-year Treasury rate jumped to 4.02 percent from 3.88 percent on Thursday.

The US dollar gained from 146.28 to 148.33 yen. The euro declined from $1.0872 to $1.0792.

Friday, the March US crude oil benchmark slid $1.54 to $72.28 per barrel. Brent decreased $1.37 to $77.33 per barrel in April.

An ounce of April gold slid $17.40 to $2,053.70. Silver decreased 44 cents to $22.80 per ounce in March.

Asia and Europe have mixed stocks.

Economic Calendar

Monday, Feb. 5

S&P final U.S. services PMI (January)
ISM services PMI (January)
Senior Loan Officer Survey


Tuesday, Feb. 6
Minneapolis Fed President Neel Kashkari, Cleveland Fed President Loretta Mester and Philadelphia Fed President Patrick Harker deliver remarks

Wednesday, Feb. 7
Fed Gov. Adriana Kugler, Fed Gov. Michelle Bowman and Richmond Fed President Tom Barkin deliver remarks
US trade deficit (December)
Consumer credit (January)

Congressional Budget Office (CBO) budget and economic outlook


Thursday, Feb. 8
Initial jobless claims (Week ending Feb. 3)
Wholesale inventories (December)
Richmond Fed President Tom Barkin delivers remarks
Treasury Secretary Janet Yellen’s congressional testimony


Friday, Feb. 9

CPI annual seasonal adjustments.

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Week ahead Week ahead Week ahead Week ahead Week ahead Week ahead Week ahead Week ahead Week ahead

  • Earnings reports continue, with bellwether businesses including Ford Motor Co., McDonald’s Corp., Caterpillar Inc., PepsiCo Inc., and Walt Disney Co. scheduled to disclose quarterly results.
  • Several Federal Reserve officials will speak following last week’s interest-rate decision, and Treasury Secretary Janet Yellen will testify before Congress.
  • This week’s economic updates include an annual update of Consumer Price Index (CPI) seasonal variables, as well as information on consumer credit and the United States trade imbalance.
  • An update on the congressional budget will provide insight into the long-term consequences of borrowing on the US economy.
  • Earnings reports continue, with bellwether businesses including Ford Motor Co., McDonald’s Corp., Caterpillar Inc., PepsiCo Inc., and Walt Disney Co. scheduled to disclose quarterly results.
  • Several Federal Reserve officials will speak following last week’s interest-rate decision, and Treasury Secretary Janet Yellen will testify before Congress.
  • This week’s economic updates include an annual update of Consumer Price Index (CPI) seasonal variables, as well as information on consumer credit and the United States trade imbalance.
  • An update on the congressional budget will provide insight into the long-term consequences of borrowing on the US economy.

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