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.
PetMed Express (PETS)
Guaranty Bancshares (GNTY)
Old National Bancorp (ONB)
State Street (STT)
Goldman Sachs Group (GS)
Bank of America (BAC)
Citrix Systems (CTXS)
Mercantile Bank (MBWM)
F N B (FNB)
Pinnacle Financial (PNFP)
United Community Banks (UCBI)
Fulton Financial (FULT)
JB Hunt Transport Servs (JBHT)
Zions Bancorp (ZION)
Interactive Brokers Group (IBKR)
Mission Produce (AVO)
Stocks covered this week at FXStreet
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