1.Geopolitical and Fiscal Events. Monday sees the Bank of Australia announce its latest interest rate decision. On Tuesday Federal Reserve Kansas City President Esther George speaks. Wednesday sees Bank of Japan Governor Kuroda speaks and may expand on last week’s move to negative interest rates. Thursday sees Dallas Federal Reserve President Rob Kaplan speak on the economy as does Cleveland Federal Reserve President Loretta Mester. Thursday also sees IMF Head Christine Lagarde speak. The BOE is out with its latest interest rate decision on Thursday.
2.Economic Releases. Releases of note this week include the weekly chain store sales, oil/gas numbers, mortgage applications personal income, ISM Manfacturing PMI, factory orders, ADP Payroll, Challenger Gray & Christmas Job Cuts, Nonfarm Payrolls and the Unemployment Rate.
3.Earnings Releases. Notable releases include GOOGL AET XOM PFE MRK CMCSA PM AZN EL CME.
Monday, February 1
Sunday night China Manufacturing PMI is released at 9:30 p.m. EST.
Eurozone PMI is released at 4:00 a.m. EST.
December Personal Income is due out at 8:30 a.m. EST and is expected to remain at 0.3%. Then at 10:00 a.m. EST, January ISM Manufacturing PMI is due out and expected to rise to 48.5 from 48.2. At the same time, December Construction Spending is due out and expected to rise to 0.4% from -0.4%.
Markets are closed in Mexico.
The Bank of Australia will release its latest interest rate decision at 9:30 p.m. EST. Tuesday, February 2
The Security Exchange Commission (SEC) meets on equity market structure.
The Bank of Japan (BOJ) releases minutes from its latest meeting at 6:30 p.m. EST.
China Service PMI is due out at 8:45 p.m. EST.
Wednesday, February 3
ADP Employment Data is due out at 8:15 a.m. EST and is expected to fall to 180,000 from 257,000.
Eurozone Services PMI is due out at 4:00 a.m. EST.
Then at 10:00 a.m. EST, January ISM Services are due out and expected to fall to 55.2 from 55.3.
The Bank of Japan (BOJ) Governor Karuda speaks more about recent stimulus action enacted last week.
Thursday, February 4
January Challenger Gray & Christmas Job Cuts are due out at 7:30 a.m. EST and last month fell by -27.6%. Then at 10:00 a.m. EST, December Factory Orders are expected to remain at -0.2% month over month.
The Bank of England (BOE) releases its latest interest rate decision and no change is expected.
International Monetary Fund (IMF) Head Christine Lagarde speaks about emerging markets.
Friday, February 5
January Nonfarm Payroll is released at 8:30 a.m. EST and is expected to fall to 200,000 from 292,000. The unemployment rate is expected to remain at 5.0%.