Davos, inflation, Netflix and Intel: what investors need to know this week

The shortened trading week - on January 19, stock exchanges in the U.S. will not open due to Martin Luther King Day - begins with the World Economic Forum (WEF) in Davos, Switzerland, where dozens of heads of state will gather. President Trump is expected to speak at the WEF on Wednesday, January 21, Yahoo Finance reported.

The main event in the macrostatistics calendar will be the publication of the November US Personal Consumption Expenditures (PCE) index. PCE is the Fed's preferred inflation indicator. In the eurozone, the final consumer price index (CPI) for December will be released.

About 30 companies from the S&P 500 index will present their quarterly reports. The most important of them Yahoo Finance considers the results of streaming giant Netflix, which is fighting with Paramount for the assets of Warner Bros. Discovery, and processor maker Intel, which is trying to get out of a protracted crisis.

The annual session of the World Economic Forum starts in Davos on Monday, January 19. It will last until Friday. The theme of this year's forum is "The Spirit of Dialogue". The US delegation, headed by Trump, is expected to be the largest ever for the United States' participation in the event, Barron's writes.

Eurostat will release the final consumer price index (CPI) for the eurozone for December. According to preliminary estimates, price growth in the currency bloc slowed last month to 2% in annualized terms (the European Central Bank's target) from 2.1% in November.

On Tuesday, January 20, the People's Bank of China will announce the one-year and five-year rates for loans to prime borrowers (LPRs). The five-year rate directly affects the cost of mortgages, the one-year rate affects all others.

Netflix, United Airlines Holdings and U.S. Bancorp will release earnings reports for last quarter.

Charles Schwab, Halliburton and Johnson & Johnson will report quarterly results on Wednesday, January 21st.

On Thursday, January 22, the U.S. Bureau of Economic Analysis (BEA) will release the October and November 2025 Personal Consumption Expenditure (PCE) indices. The consensus for November estimates PCE growth of 2.8% year-over-year. "Lower unemployment means inflation is likely to drive rate decisions," The Wall Street Journal quoted a note from Morgan Stanley analysts as saying.

The BEA will also present the final assessment of the dynamics of the world's largest economy for the third quarter of last year. The market expects the annual GDP growth rate to be 4.3%, coinciding with the preliminary estimate published by the agency at the end of December.

Turkey's central bank will announce a decision on the interest rate. ING analyst Muhammet Merkan predicts its decline from the current level of 38% by 150 basis points.

Alcoa, GE Aerospace, Intel and Procter & Gamble will disclose financial statements.

On Friday, January 23, S&P Global will release business activity indices (PMI) in the manufacturing and service sectors in the United States for January. Economists on average forecast a value of 51.8 points for manufacturing PMI and 52.9 points for service PMI.

The Bank of Japan will decide on the rate. The market expects the Japanese Central Bank to keep it at the current level of 0.75%.

Quarterly results will be released by the SLB.

This article was AI-translated and verified by a human editor