The week ahead
The US Senate trial of Donald Trump is set to begin on Tuesday after he was impeached last month in a vote in the House of Representatives. Congressional committees are set to craft legislation this week on specific components of President Joe Biden’s $1.9tn stimulus package.
Across the Atlantic, ECB president Christine Lagarde is set to discuss the bank’s annual report at the European Parliament on Monday.
The UK RICS house price balance will be announced on Thursday. The first print of UK fourth-quarter GDP will be published the day after, with a 0.5% growth forecast. It is expected to reflect the last surges of activity in the lead up to Christmas before implementation of the third lockdown slowed the economy again.
Companies that are set to publish earning reports include AstraZeneca, Ocado, Uber Technologies, Lyft, Disney, Tui, Twitter and Coca-cola, amongst others.
Lunar New Year celebrations, also known as the Spring Festival, are due to begin on Friday.