Stock and bond markets will be closed on Monday for Martin Luther King Jr. Day. It will be a busy week of fourth-quarter earnings season once Wall Street reopens.
Tuesday’s highlights will be results from
Holdings, followed by
J.B. Hunt Transport Services
Procter & Gamble
report on Thursday.
closes the week on Friday.
The main event on the economic-data calendar will be Wednesday’s release of the producer price index for December. Economists are expecting the headline PPI to be up 6.8% from a year earlier and for the core PPI to have increased 5.4%. Both would be lower than November’s inflation.
Other data out this week will include the Census Bureau’s retail sales data for December and the Federal Reserve’s first beige book of 2023, both on Wednesday. The Bank of Japan will also announce a monetary-policy decision on Wednesday. The central bank has been significantly more dovish over the past year than its developed-market peers.
Equity and fixed-income markets are closed in observance of Martin Luther King Jr. Day.