Happy Monday. Good Luck out there this week.
Global Spotlight
Delhi Elections Pose a Test for Modi’s Party. Indian Prime Minister Narendra Modi’s Bharatiya Janata Party faces a key test in the Feb. 8 Delhi assembly elections as protests against the government’s controversial Citizenship Amendment Act persist.
Lebanon’s Budget Vote. Lebanon’s parliament will hold a vote of confidence in Prime Minister Hassan Diab’s new government and debate the Cabinet’s proposed economic policy statement on Feb. 11 and Feb. 12.
Coronavirus Update. Employees in most Chinese provinces are expected to return to work from the extended Lunar New Year holiday on Feb. 10, potentially leading to a big increase in the number of new coronavirus cases and outbreaks in additional cities if efforts to stop the virus from spreading fail.
Azerbaijan Holds Snap Parliamentary Elections. Declaring itself unable to meet President Ilham Aliyev’s reform agenda, the Azerbaijani Parliament voted to dissolve itself in December to clear the way for elections on Feb. 9 — nine months earlier than they had been scheduled to take place.
South Africa’s President Delivers State of the Nation Address. South African President Cyril Ramaphosa will deliver his State of the Nation address on Feb. 13, when he is expected to outline the key policy priorities his administration intends to pursue.
Stratfor.com
Economic Calendar
Briefing.com has a good U.S. economic calendar for the week. Here are the main U.S. releases.
Briefing.com
Last Weeks Numbers
Review Last weeks numbers here.
Earnings
Source I/B/E/S data from Refinitiv
Aggregate Estimates and Revisions
- Fourth quarter earnings are expected to increase 2.3% from 18Q4. Excluding the energy sector, the earnings growth estimate is 5.1%.
- Of the 322 companies in the S&P 500 that have reported earnings to date for 19Q4, 70.5% have reported earnings above analyst expectations. This compares to a long-term average of 65% and prior four quarter average of 74%.
- 19Q4 revenue is expected to increase 5.0% from 18Q4. Excluding the energy sector, the growth estimate is 6.2%.hhhhhh
