Monday starts off a busy earnings week, while data streams out of Asia, Europe and South America. Nonetheless it will be a relatively quiet day, as Pioneer Natural Resources and Yum Brands announce. There are not any economic reports scheduled for release on Monday in the U.S.Here’s what you need to know.
- Australia starts the day off with retail sales at 7:30 p.m. EST on Sunday evening. Sales are seen increasing 0.2 per cent in December, after a flat reading the month before.
- Data goes quiet until 3:00 a.m. EST, when Halifax home prices in the United Kingdom are released. Expectations are for the metric to rise 0.1 per cent in January, reversing a 0.9 per cent decline in December.
- At the same time, Czech industrial output and Taiwan CPI will be announced. Economists polled by Bloomberg see output expanding by 1.3 per cent year-on-year, while CPI advances 2.2 per cent year-on-year.
- Swedish service production will be announced at 3:30 a.m. EST. It is expected to increase 0.2 per cent month-on-month in December.
- At 6:00 a.m. EST, German factory orders are set for release. Orders are seen increasing 1.0 per cent in December, against a 4.8 per cent decline in November.
- Attention shifts to South America at 6:30 a.m. EST. First up, economic activity in Chile. Economists polled by Bloomberg forecast the index to be 3.9 per cent higher than last year. In November, the economic activity index grew by 0.8 per cent from October.
- Brazilian auto sales will be announced at 7:30 a.m EST. In December, some 348,415 vehicles were purchased in the nation.
- At 9:00 a.m. EST, Ecuadorian CPI will be released. It grew by 0.4 per cent in December.
- Last on the agenda are early announcements out of New Zealand, at 4:45 p.m. EST. Average wages are expected to increase 0.5 per cent in the final quarter of 2011. That is slower than the 1.3 per cent advance seen in the third quarter.
U.S. corporates reporting quarterly results on Monday include names like Yum Brands and Pioneer Natural Resources. Below, a roundup of tomorrow’s big announcers.
Sysco (SYY): $0.44
Boardwalk Pipeline Partners (BWP): $0.41
HCA Holdings (HCA): $0.76
Nielsen Holdings (NLSN): $0.49
Humana (HUM): $1.21
Hasbro (HAS): $1.05
Coinstar (CSTR): $0.64
Amylin Pharmaceuticals (AMLN): -$4.23
Pioneer Natural Resources (PXD): $1.03
Yum! Brands (YUM): $0.74
NCR (NCR): $0.56
USG (USG): -$0.72
Consensus estimates provided by Bloomberg.