Key Economic News to Watch This Week: January 14
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Corporate earnings will take the spotlight this week with major Wall Street banks reporting their earnings for the last quarter. Of the 27 S&P500 companies that have already posted earnings, 81 percent surpassed analysts’ estimates and 67 percent reported a profit increase, according to data compiled by Bloomberg.
Monday, January 14
Corporate earnings will take the spotlight this week with major Wall Street banks reporting their earnings for the last quarter. Of the 27 S&P500 companies that have already posted earnings, 81 percent surpassed analysts’ estimates and 67 percent reported a profit increase, according to data compiled by Bloomberg.
Monday, January 14
The sixth Asian Financial Forum opens in Hong Kong, bringing together some of the most influential members of the global financial and business community to discuss developments and trends in the dynamic markets of Asia. Keynote speakers include former US Treasury secretary Lawrence Summers and Zhu Min, deputy managing director at the International Monetary Fund.
India releases December inflation data, a key indicator for the central bank’s policy review on January 29.
Cuba scraps travel restrictions, making it easier for its citizens to leave the communist-ruled island. The decision reverses tough restrictions imposed in 1961 when the government tried to halt mass migration of citizens fleeing after the 1959 revolution that put Fidel Castro in power.
Second anniversary of removal of Zine El Abidine Ben Ali marked in Tunisia.
Tuesday, January 15
The inaugural International Water Summit opens in Abu Dhabi alongside the 2013 World Future Energy Summit and the Abu Dhabi International Renewable Energy Conference. Over 150 scholars and 30,000 participants from 150 countries are expected to attend the Summit and solutions for some of the world’s most water-scarce regions will be discussed.
Human Rights Watch releases a report on Eritrea, presenting evidence that international mining companies risk complicity in the exploitation of forced labour by state-owned Eritrean contractors. It says the country, which marked 20 years of independence in 2011, is run by one of the world’s most repressive governments.
Wednesday, January 16
An array of financial companies – including Goldman Sachs and JPMorgan Chase – will report its Q4 earnings on Wednesday. Bank of America and Citigroup will join on Thursday. According to data compiled by Bloomberg, earnings for financial companies in the S&P 500 grew 16 percent in Q4.
Thursday, January 17
WTO director general visits Russia.
Related News: Russian Economy May Suffer From WTO Accession, Warns Putin
Related Story: To Russia with Love: Opportunities from Russia’s Accession to the WTO
Friday, January 18
General Electric, the largest US industrial group by market capitalisation, reports full-year results that are expected to show respectable growth.
Sunday, January 20
Austria, one of the few European countries that still has a compulsory military service, holds a referendum on whether to abolish it.
