Economic News to Watch This Week
These are the main economic events to keep an eye out for the week starting January 18, according to the Wall Street Journal.
US stock indexes won't trade on Monday in commemoration of Martin Luther King Jr. day, but Monday is still a day to look out for.
China's fourth-quarter economic data is being released. Analysts expect the data to reveal an increase of 6 percent to the country's gross domestic product. In the third quarter, the country reported 4 percent GDP growth.
Joe Biden's inauguration is set for Wednesday. Last week he revealed a $1.9 trillion stimulus package.
The Bank of Japan is expected to maintain its current policies after its two-day meeting ends. A quarterly economic forecast will be released and the central bank is expected to downgrade growth forecasts.
Surveys of purchasing managers are expected to reveal a slowing revival of European economies into the news year.
Furthermore, US existing-home sales for December are expected to have fallen for the second consecutive month.