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The markets are on the rise, as the optimism of investors prevails. Wall Street stock indexes went out of the adjustment phase with Dow Jones recording a growth of 2.4% for the week, while S&P 500 increased by 2.5% and the Nasdaq appreciated by 3.5%.

The progress in trade talks between China and The US overshadowed the paralysis of the government. Moreover, the S&P companies continue making strong earnings, which stimulates the markets and give optimism to investors.

Upcoming macroeconomic data

Even without major central bank sessions, the week is busy by macroeconomics data, among which the most recent figures for the UK inflation and retail sales, US retail sales, China’s GDP and Eurozone inflation.

On Monday, January 14, China already released its trade balance data in December and the entire year. The country announced that the US trade surplus for 2018 was the largest for more than a decade. Later, the markets will focus on the industrial output in the Eurozone in November. The consensus forecast is for a decrease of 1% compared to the minimum growth of 0.2% a month earlier.

On Tuesday, January 15, France will release the data on inflation in December and GDP for the fourth quarter. In Span will be published the inflation data for December. Within the day, will be held the vote on the Brexit deal by the British Parliament. Markets will track the Eurozone trade balance data for November. In the United States, data on both the trade balance and the producer price index will be released.

On Wednesday, January 16, the markets will watch the pace of German inflation growth. Inflation data will also be released in the UK, with consensus forecasts for slowing down to 2.2% YoY in December, compared to 2.3% in the previous month. At the end of the day, a series of macroeconomic data for the US will be published, including retail sales in December, factory orders, crude oil stocks, and more. Markets are also waiting for the Federal Reserve’s Beige Book, which will outline the current economic conditions in the US.

On Thursday, January 17, China will release the GDP data in the fourth quarter. The preliminary estimates show a slowdown in growth to 6.4% compared to 6.5% in the previous quarter. The analysts will also watch for the Eurozone data on inflation for December with expectations to maintain the acceleration of 1.6% on an annual basis. Data on building permits, number of applications for unemployment and sales of new dwellings are on the move in the US.

On Friday, January 18, the day will start with up-to-date data on inflation and industrial output in Japan. In the UK will be released the data on retail sales in December with projections for a decline of 0.7%. In Canada will be published the inflation data for December. At the end of the day, the US industrial production data for December will also be released. The analysts’ forecast is to slow the growth rate from 0.6% to 0.3%.

Upcoming corporate reports

The week unofficially kicks off the corporate reporting season. It will be very busy with earnings statements of the major US financial companies and banks.

On Monday, January 14, Citigroup Inc will be the major event in corporate reporting season. During the day will be published also the reports of Protective Insurance Corporation and the Canadian SaaS solutions developer Destiny Media Technologies.

On Tuesday, January 15, the US airline Delta Air Lines, as well as investment banks JPMorgan Chase & Co and Wells Fargo & Co will publish their reports.

On Wednesday, January 16, the markets will focus on earnings reports of Bank of America Corporation, Bank of New York Mellon Corporation, BlackRock, Goldman Sachs Group, U.S. Bancorp and some smaller financial institutions.

On Thursday, January 17, will be published the financial statement of Morgan Stanley and American Express Company. On post-market will be published the finance report of the US video streaming giant Netflix. Also during the day, the investors will expect a report from Taiwan Semiconductor Manufacturing.

On Friday, January 18, the reporting season will continue with Citizens Financial Group and Regions Financial Corporation. During the day will be posted the finance reports of Schlumberger Limited and State Street Corporation.