Here is what you need to know on Tuesday, 19 January 2021:
European indices were broadly flat on Tuesday as traders waited on Treasury Secretary nominee Janet Yellen’s testimony in the US Senate to make the case for the fiscal stimulus. President Joe Biden will be inaugurated tomorrow and Thursday’s ECB meeting gives traders plenty to wait on perhaps adding to the indecision.
US futures were more optimistic with Dow and S&P futures both trading 0.5% higher.
Yellen’s push for the US to “act big” and President-elect Biden's plan for the economy could see construction and the green economy boosted. Total (TOT) announced it plans to take a 20% stake in a green- energy company Adani.
Italy’s PM Conte won a confidence vote in the lower chamber but the higher chamber will be more challenging. German ZEW came in slightly ahead of expectations (61.8 v 60).
Goldman Sachs (GS) kicked off investment bank earnings with strong results, its Earnings Per Share (EPS) $12.08 beating the $7.47 estimate. State Street (STT) and Bank of America (BAC) also beat expectations but BAC missed on sales.
Netflix will report earnings after the close.
Earnings
Premarket
PetMed Express (PETS)
Guaranty Bancshares (GNTY)
Old National Bancorp (ONB)
State Street (STT)
Goldman Sachs Group (GS)
Halliburton (HAL)
Bank of America (BAC)
Citrix Systems (CTXS)
Comerica (CMA)
Mercantile Bank (MBWM)
After Market
F N B (FNB)
Pinnacle Financial (PNFP)
United Community Banks (UCBI)
SmartFinancial (SMBK)
Fulton Financial (FULT)
Netflix (NFLX)
JB Hunt Transport Servs (JBHT)
Zions Bancorp (ZION)
Interactive Brokers Group (IBKR)
Mission Produce (AVO)
Stocks covered this week at FXStreet
AT Stock Price: Atlantic Power Corp soars on news of acquisition by I Squared Capital
NEXT Stock Price: NextDecade Corp gains again despite a further setback in its plans for Europe
BB Stock Price: BlackBerry Ltd set to extend gains as it dances with three giants
Signal Advance Inc (SIGL) Stock Price and Forecast: The WhatsApp (FB) killer, except it is not!
Alibaba (BABA) Stock Price Forecast: Gains 3% on IM electric sedan launch
Delta Air Lines (DAL) Stock Price and Forecast: Preparing for take-off
NIO Stock Price Forecast: Carmaker weathers comments calling for a correction, a sign of strength
Ideanomics Inc (IDEX) Stock Price and Forecast: Charging ahead with the sector
BNGO Stock Forecast: BioNano Genomics Inc eyes all-time highs after cancer-related progress
TTCF Stock Price: Tattooed Chef Inc readies for a breakout as new vegan options hit mainstream
PLTR Stock Price: Palantir Technologies Inc holding onto high ground after analyst boost
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Recommended content
Editors’ Picks
EUR/USD stuck around 1.0500 as investors await fresh catalysts
EUR/USD seesaws around the 1.0500 level, unable to find a clear directional path. EU PMI data came in better than expected but still indicate contraction in the Union. United States PMIs show a steeper contraction in the manufacturing sector yet upbeat services output in December.
Gold stuck around $2,650 ahead of fresh clues
Gold opens the week on a moderately positive tone and trades above $2,650, favored by a mild US Dollar (USD) reversal amid lower US Treasury yields. The precious metal, however, is still close to recent lows following a 2.5% sell-off late last week.
Bitcoin rises to new all-time of $106,600, then corrects as markets focus on Fed
Bitcoin price retreats on Monday after reaching a new all-time high (ATH) of $106,648 in the early Asian session. The main factor impacting BTC price this week is likely to be the decision of the US Fed on interest rates on Wednesday.
Five fundamentals for the week: Fed dominates the last full and busy trading week of the year Premium
Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
Five fundamentals for the week: Fed dominates the last full and busy trading week of the year Premium
Christmas is coming – but there's a high likelihood of wild price action before the holiday season begins. Central banks take center stage, and there is enough data to keep traders busy outside these critical decisions.
Best Forex Brokers with Low Spreads
VERIFIED Low spreads are crucial for reducing trading costs. Explore top Forex brokers offering competitive spreads and high leverage. Compare options for EUR/USD, GBP/USD, USD/JPY, and Gold.