• Citigroup, JPMorgan Chase, Intel, Alcoa release earnings
  • President Obama delivers his last State of the Union address

U.S. retail sales climbed in December for a third month, data in the coming week probably will show, indicating consumer spending is helping give the world’s biggest economy a boost.

Industrial production in the U.S. declined in December for a fourth month, a separate report may indicate.

U.S. President Barack Obama delivers the State of the Union address as the final year of his second term gets under way.

The Gulf Cooperation Council holds an emergency meeting in Riyadh, Saudi Arabia, to discuss the diplomatic crisis involving Saudi Arabia and Iran.

The Bank of England will probably keep its key interest rate unchanged at 0.5 percent. Indonesia, Poland and South Korea also set monetary policy.

Companies including Alcoa Inc., Citigroup Inc., JPMorgan Chase & Co. and Wells Fargo & Co. release earnings.

The North American International Auto Show returns to Detroit.

The 73rd Annual Golden Globe Awards are held in Beverly Hills.

The National Football League playoffs begin.

SATURDAY, JAN. 9

-The Gulf Cooperation Council, which comprises Qatar, Saudi Arabia, the United Arab Emirates, Kuwait, Bahrain and Oman, holds an emergency meeting in Riyadh to discuss the fallout of the diplomatic crisis involving Saudi Arabia and Iran. Timing to be determined.

-The Jack Kemp Foundation Forum will host six Republican presidential candidates in Columbia, South Carolina. Jeb Bush, Ben Carson, Carly Fiorina, John Kasich and Marco Rubio will participate in an anti-poverty forum. South Carolina’s Feb. 20 Republican primary will be the party’s third nominating contest in the campaign. The panel will be moderated by Senator Tim Scott of South Carolina and House Speaker Paul Ryan and is sponsored by a foundation named for the late U.S. Representative Jack Kemp. 09:00.

-German Chancellor Angela Merkel holds a press conference after her party’s executive board meets to begin campaigning for two state elections in western Germany in March. 12:00 CET in Mainz (06:00 EST).

-Greek Finance Minister Euclid Tsakalotos begins a tour of euro-area capitals in a bid to maintain support for Greece’s bailout. He meets Portugal’s Mario Centeno in Lisbon on Saturday, France’s Michel Sapin in Paris on Sunday, Finland’s Alexander Stubb in Helsinki on Monday, Jeroen Dijsselbloem of the Netherlands on Tuesday and Germany’s Wolfgang Schaeuble in Berlin on Wednesday. Times to be determined.

-The National Football League playoffs begin. On Saturday the Kansas City Chiefs play the Houston Texans, and the Pittsburgh Steelers face the Cincinnati Bengals. On Sunday the Seattle Seahawks play the Minnesota Vikings, and the Green Bay Packers play the Washington Redskins.

-ECONOMY: China CPI (Dec.).

SUNDAY, JAN. 10

-U.K. Prime Minister David Cameron is interviewed on BBC Television’s flagship politics program, the “Andrew Marr Show,” at the start of a year in which he’s seeking to call a referendum on continued European Union membership. The program starts at 09:00 in London (04:00 EST).

-Greece’s main opposition party, New Democracy, holds a runoff leadership election between Evangelos Meimarakis and Kyriakos Mitsotakis. The result is unlikely before Monday.

-Ricky Gervais will host the 73rd Annual Golden Globe Awards at the Beverly Hilton Hotel in Beverly Hills, California. The three-hour ceremony serves as the official kickoff to awards season and will be aired live on NBC. Gervais, an Emmy Award and Golden Globe winner, has hosted the show for three consecutive years. The event celebrates television and motion-picture achievements. 17:00 (20:00 EST).

MONDAY, JAN. 11

-Dennis P. Lockhart, president of the Federal Reserve Bank of Atlanta, will speak on the U.S. economic outlook and monetary policy to the Rotary Club of Atlanta. 12:40.

-Federal Reserve Bank of Dallas President Robert S. Kaplan will speak at the North Texas Economic Forum in Dallas on economic conditions and monetary policy. 18:00 (19:00 EST).

-The North American International Auto Show returns to Detroit. The Gallery, in its ninth year at the show, will feature a celebration of ultraluxury brands such as Aston Martin, Bentley, Ferrari, Lamborghini, Porsche and Rolls-Royce. Through Jan. 24.

-French Foreign Minister Laurent Fabius sets out his objectives for 2016 in a meeting with the press. 12:00 CET in Paris (06:00 EST).

-U.S. College Football holds its National Championship in Glendale, Arizona. The No. 1 Clemson Tigers will play the No. 2 Alabama Crimson Tide for the title. (20:30 ET)

-The U.S. Energy Information Administration releases its Drilling Productivity Report, showing estimates for oil and gas output from the biggest shale formations. 14:00.

-Japan’s markets are closed for a national holiday.

-South Korean finance minister nominee Yoo Il Hoo attends National Assembly for a hearing ahead of his appointment. Timing to be determined.

-U.S. government bond auctions, Fed debt purchases. Click here for the schedule.

-U.S. initial public stock offerings. Click here for the schedule.

-ECONOMY: Mexico industrial production (Nov.), Spain industrial production (Nov.), Romania trade (Nov.), Czech unemployment (Dec.), Turkey current-account balance (Nov.).

-CENTRAL BANKS: Israel minutes.

-EARNINGS: Alcoa Inc., Apollo Education Group Inc.

TUESDAY, JAN. 12

-U.S. President Barack Obama delivers the State of the Union address in Washington. The speech will be Obama’s last chance to tout his proposals in the final full year of his presidency. It will also serve as a platform to publicly push his proposals in the fiscal 2017 budget. If the budget is submitted by its statutory deadline -- a target the Obama administration has often missed -- it would be sent to Congress Feb. 1. 09:00.

-The Bank of France holds a monetary-policy conference, with speakers including European Central Bank Executive Board member Peter Praet, Governing Council members Francois Villeroy de Galhau and Jens Weidmann, Bank of England Governor Mark Carney, Federal Reserve Vice Chairman Stanley Fischer, Bank of Japan Governor Haruhiko Kuroda, Bank of Mexico Governor Agustin Carstens and International Monetary Fund Managing Director Christine Lagarde. From 09:00 CET in Paris (03:00 EST).

-Federal Reserve Bank of Richmond President Jeffrey M. Lacker will speak on the U.S. economic outlook at the annual meeting of the South Carolina Business & Industry Political Education Committee in Columbia. 15:15.

-Greece’s state asset-sales fund is set to announce the result of the sale of a stake in the Piraeus Port Authority. Timing to be determined.

-U.K. Prime Minister David Cameron is questioned by the House of Commons Liaison Committee about his policies on Syria and climate change. 16:00 in London (11:00 EST).

-ECB Executive Board member Sabine Lautenschlaeger speaks at the Zonta Club in Frankfurt. 20:00 CET (14:00 EST).

-The Santander 20th Annual Latin American Conference. Chief executive officers and senior officials from the Americas, Europe, Asia and the Middle East gather in Cancun, Mexico, under Banco Santander SA’s sponsorship. The speakers will include former U.S. Secretary of Defense Robert Gates and Katia Abreu, minister of agriculture in Brazil. Through Jan. 14. Click here for the agenda.

-The U.S. Department of Agriculture publishes its monthly World Agricultural Supply & Demand Estimates report, and its annual crop production and quarterly grain-stocks reports. The data are closely watched because they include end-of-year production and inventory estimates. 12:00 in Washington.

-The U.S. Energy Information Administration releases its monthly Short-Term Energy Outlook, with forecasts for supply, demand and prices. 12:00 in Washington.

-The 7th Gulf Intelligence U.A.E. Energy Forum 2016 will be held in Abu Dhabi. Suhail Al Mazrouei, the minister of energy for the United Arab Emirates, is among the main speakers. Click here for agenda and times.

-ECONOMY: U.S. NFIB small business optimism index (Dec.), U.S. job openings and labor turnover (Nov.), Japan current account (Nov.), France business sentiment (Dec.), U.K. industrial production (Nov.), Czech CPI (Dec.), Czech GDP (third quarter), Czech retail sales (Nov.), Serbia CPI (Dec.), Russia CPI (Dec.), Belarus CPI (Dec.), South Africa manufacturing production (Nov.).

-CENTAL BANKS: Serbia rate decision.

-EARNINGS: Freeport-McMoRan Inc., CSX Corp.

WEDNESDAY, JAN. 13

-The president of the Federal Reserve Bank of Boston, Eric S. Rosengren, will be the featured speaker at the Greater Boston Chamber’s Government Affairs Forum. 07:45.

-Federal Reserve Bank of Chicago President Charles L. Evans speaks on the economic outlook and monetary policy at the Corridor Economic Forecast Luncheon in Cedar Rapids, Iowa. 11:30 (12:30 EST).

-ECB Executive Board member Sabine Lautenschlaeger speaks at the Third Austrian Bankers’ Business Lunch organized by the Austrian embassy in Germany. 12:00 CET in Frankfurt (06:00 EST).

-Swiss National Bank Vice President Fritz Zurbruegg speaks about Swiss competitiveness. 14:00 CET in Zug (08:00 EST).

-The European Commission examines whether Poland’s new government is in breach of democratic standards, setting the stage for potential disciplinary steps. 12:00 CET in Brussels (06:00 EST).

-The Polish Senate begins a two-day session to pick new candidates for the Monetary Policy Council. Session begins at 11:00 CET (05:00 EST).

-Russia holds the three-day Gaidar forum in Moscow. The attendees include Deputy Finance Minister Maxim Oreshkin and Energy Minister Alexander Novak. Starts at 09:30 (01:30 EST).

-The U.S. Energy Information Administration releases its U.S. oil inventory report. 10:30 in Washington.

-ECONOMY: U.S. MBA mortgage applications (weekly), U.S. budget statement (Dec.), Federal Reserve Beige Book, Brazil retail sales (Nov.), China trade balance (Dec.), South Korea unemployment (Dec.), South Korea household borrowing (Dec.), South Korea money supply (Nov.), Portugal CPI(Dec.), euro-area industrial production (Nov.), Romania industrial output (Nov.), Romania CPI (Dec.), Poland trade(Nov.), Russia weekly CPI.

THURSDAY, JAN. 14

-U.K. rate decision. The Bank of England will keep its key interest rate unchanged at 0.5 percent and its asset-purchase target at 375 billion pounds ($547 billion) as uncertainty surrounding the U.K.’s possible exit from the European Union threatens to weigh on the economy. Some analysts have pushed back forecasts for the first rate increase to November. 12:00 in London (07:00 EST).

-Germany’s Federal Statistics Office publishes its first report on economic growth for last year and may also provide a fourth-quarter estimate. Economists surveyed by Bloomberg predict gross domestic product increased 0.4 percent from October through December and 1.5 percent in all of 2015. 10:00 CET in Berlin (04:00 EST).

-The European Central Bank will publish the account of its Dec. 2-3 monetary-policy meeting, when it decided to cut the deposit rate to minus 0.3 percent and extend large-scale asset purchases by six months to March 2017. 13:30 CET in Frankfurt (07:30 EST).

-ECB President Mario Draghi and Executive Board member Benoit Coeure participate in a Eurogroup meeting. From 15:00 CET in Brussels (09:00 EST).

-U.S. Republican presidential candidates hold their first debate of the new year, and the sixth of the campaign, in Charleston, South Carolina. Fox Business, which is broadcasting the event, has set new criteria that could limit the field to six candidates, decided by polling numbers. 18:00 EST.

-The Bank of Korea decides monetary policy after holding the key interest rate unchanged at 1.5 percent throughout the second half of 2015. It also updates South Korea’s economic outlook for 2016. Timing to be determined.

-Poland’s Monetary Policy Council sets the country’s key interest rate. Rate setters will probably leave the base rate unchanged at 1.5 percent before eight of the council’s 10 members are replaced this year. The decision is expected before 13:00 CET (07:00 EST).

-German Chancellor Angela Merkel makes a statement to reporters after meeting the leaders of the country’s main labor federation. 12:00 CET in Berlin (06:00 EST).

-European Commission Vice President Frans Timmermans speaks on the immigration crisis at the Future of Europe conference at 19:00 CET in Brussels (13:00 EST).

-Guatemala President-elect Jimmy Morales takes office, vowing to bring political stability and economic growth to Central America’s biggest economy. His inauguration follows a year in which corruption scandals saw the nation’s president, vice president and central bank governor jailed. 08:00 (09:00 EST).

-Federal Reserve Bank of St. Louis President James B. Bullard speaks to the Economic Club of Memphis at its regional economic briefing and breakfast in Tennessee. 07:30 (08:30 EST).

-The U.S. Energy Information Administration releases its weekly natural gas inventory report. 10:30.

-The Norwegian Petroleum Directorate publishes a statement on 2015 gas exports. A news conference will be held in Stavanger, Norway. 15:00 CET (09:00 EST).

-CENTRAL BANKS: Chile rate decision, Peru rate decision, Indonesia rate decision.

-ECONOMY: U.S. import prices (Dec.), U.S. jobless claims (weekly), U.S. Bloomberg consumer comfort (weekly), Japan machinery orders (Nov.), Australia jobless rate (Dec.), Italy industrial production (Nov.), Hungary CPI (Dec.), South Africa manufacturing PMI (Dec.).

-EARNINGS: JPMorgan Chase & Co., Intel Corp.

FRIDAY, JAN. 15

-Federal Reserve Bank of New York President William C. Dudley speaks at the Economic Leadership Forum in Somerset, New Jersey, on economy and U.S. Fed policy. 09:00.

-U.S. retail sales probably climbed in December for a third month, indicating consumer spending is helping give the economy a boost, economists project the Commerce Department to report. 08:30.

-Industrial production in the U.S. probably declined in December for a fourth month, partly reflecting reduced utility demand as temperatures remained moderate, economists forecast a Federal Reserve report to show. 09:15.

-ECB Vice President Vitor Constancio participates in an Ecofin meeting. From 09:00 CET in Brussels (03:00 EST).

-A caretaker government is due to take office in Macedonia, with the outgoing ruling party naming an interim prime minister. Timing to be determined.

-The U.S. Commodity Futures Trading Commission releases its weekly report on futures and options positions. 15:30.

-Baker Hughes Rig Count, for oil and gas rigs in the U.S. 13:00.

-The Commodity Futures Trading Commission issues its weekly report on futures and options positions for oil. 15:30 in Washington.

-ECONOMY: U.S. producer prices (Dec.), U.S. Empire State manufacturing (Jan.), U.S. Michigan consumer sentiment gauge (Jan. prelim.), U.S. business inventories (Nov.), China money supply (Dec.), France budget balance (Nov.), Romania GDP (third quarter), Poland CPI (Dec.), Russia trade (Nov.), Kazakh industrial production (Dec.), Turkey unemployment rate (Oct.), Israel CPI(Dec.).

-EARNINGS: U.S. Bancorp, BlackRock Inc., Wells Fargo & Co., Citigroup Inc., PNC Financial Services Group Inc.

-SOVEREIGN RATING UPDATES: Belgium (S&P), Croatia (S&P), Denmark (DBRS), Iceland (Fitch & S&P), Lithuania (Moody’s), Poland (Fitch, Moody’s & S&P), Portugal (Moody’s), Rwanda (Fitch), Serbia (S&P).

SATURDAY, JAN. 16

-The 6th IRENA Assembly will be held in Abu Dhabi. The aim of the International Renewable Energy Agency is to help move the Paris Agreement on global warming to the next phase of action and implementation. Through Jan. 17.

-It’s Round 2 of the National Football League playoffs as last weekend’s winners face the teams with first-round byes -- the New England Patriots and Denver Broncos in the American Football Conference, and the Arizona Cardinals and Carolina Panthers in the National Football Conference. The final contest is Super Bowl 50, which will be played Feb. 7 in Santa Clara, California.

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