Jan. 13-27 - At the North American International Auto Show in Detroit, several new environmentally friendly vehicles will be unveiled, including three from Chrysler to be powered by lithium-ion batteries.
Jan. 14-18 - The annual gathering for Apple (AAPL) computer users is also the company's venue of choice to introduce products. Apple is expected to officially announce an iTunes movie rental service, but there is also buzz about a new MacBook subnotebook.
Jan. 15, 8:30 a.m. EST - A weak December retail sales report is expected and could heighten fears that an economic recession is lurking.
Jan. 15, 8:30 a.m. EST - Citigroup (C) opens a tense week of yearend results by banks. Others include JPMorgan Chase (JPM) and Wells Fargo (WFC) on Jan. 16 and Washington Mutual (WM) on Jan. 17. Some of the lenders are likely to report additional writedowns to subprime assets.
Jan. 15, 8:30 a.m. EST - Price pressures likely moderated in December. After big energy-driven jumps in November, the producer price index and consumer price index, due out the next day, are expected to post small monthly gains.
Jan. 15, 12 noon EST - The semiconductor company's (INTC) fourth-quarter results may reflect easing demand. Equity analysts are downgrading Intel on concerns of a weak U.S. economy and signs that orders from computer makers cooled at the end of last year.
Jan. 16 - The Australian mining company's (RTP) fourth-quarter results could show that a weaker U.S. dollar and higher production costs are limiting the profit boom from big gains in dollar-denominated commodity prices.
EURO ZONE INFLATION
Jan. 16, 5 a.m. EST - Initial January consumer price data will indicate that inflation is above the European Central Bank's 2% target ceiling. The ECB is concerned about price pressures driving up wages, which could limit the bank's response to slower economic activity.
U.S. FACTORY OUTPUT
Jan. 16, 9:15 a.m. EST - Economists expect that a Federal Reserve report on December industrial activity will show manufacturers dialing back production. Carmakers face slower sales, housing is still contracting, and there are signs of cooling foreign demand for factory goods.
Jan. 17, 4 p.m. EST - The information technology powerhouse (IBM) releases fourth-quarter earnings. IBM is about to restructure its hardware group in order to boost sales to small and midsize businesses.
Jan. 18, 8:30 a.m. EST - Despite some exposure to the U.S. housing market, the industrial conglomerate (GE) is expected to meet analysts' fourth-quarter estimates. The company also is projecting 10% earnings growth in 2008, driven by solid global demand for infrastructure equipment.