Disappointing data on the reduction of employment in the U.S. economy in December, however, failed to wipe out the economic optimism of investors. He was a driver of the rally on Wall Street over the past ten months, together with the measures of governments and central banks to combat the effects of financial and economic crisis. The next few weeks, will be much more dynamic with the beginning of the first corporation to the new year season. Three of the largest companies in the index of blue chip Dow Jones IA – Alcoa, Intel and JPMorgan Chase, will publish its financial results for the fourth quarter of last year over the next five days, police CNN. On the economic front, the most important will be data on retail sales in the U.S. in December, and those for consumer confidence, industrial output and trade balance. The indexes reached new 15-month highs earlier this year, their rally would depend largely on the financial performance of the stock companies that would be indicative of the actual state of the economy. For the last quarter of 2009 is expected to increase the profits of companies in the S & P 500 by over 200% yoy. However impressive forecast is due largely to the sharp deterioration in financial results over the last comparable quarter of 2008, when the crisis hit very companies most like those suffered from the automotive and financial sectors. Week, and corporate season will begin with reports of aluminum giant Alcoa, which is expected earnings per share of 6 cents to a loss of 28 cents a year ago. On Tuesday, after the end of the session and the results will come out of the technology company Intel, which is expected to more than seven times greater earnings per share from 30 cents.
On Tuesday, expect the first week of economic data that will be on the trade balance the United States in November. Projections indicate that it will expand to nearly 35 billion dollars. On Wednesday the data does come out of the U.S. government deficit, which is estimated to be approximately $ 85 billion in December compared to 120 billion dollar deficit for December. Then as usual and expected data for U.S. oil stocks, and etc. “Beige Book” for economic development in different regions of the country. Very important will be data on retail sales in December, which goes on Thursday and are expected to show growth of 0.4 percent compared to November, when it rose by 1.3 percent on a monthly basis. On Thursday and will publish data on new applications for unemployment benefits last week, and those on business inventories in November. On Friday before the session is expected to JPMorgan reported profit per share from 63 cents, which is much more of the 7 cents a year ago. Before the start of stock trading will put the data for the index of consumer prices in December, which is expected growth of 0.2 percent and industrial production data, which is projected monthly growth of 0.6 percent in December.
Shortly after the session will come up and the index of consumer confidence in the University of Michigan in January, which is expected to increase to 73.8 points. Consumer attitudes are a leading benchmark for consumer spending, which are the source of most of the gross domestic product.