As this week will be light on data, featuring only data on the housing sector and the weekly update on jobless claims, corporate earnings will be the main attention next week. Housing data next week include December existing home sales, to be released Thursday at 10:00 a.m. ET , and the Federal Housing Finance Authority`s November home price index, to be released Thursday at 9:00 a.m. ET . Housing data continues to be one of the key growth areas to watch going forward, and one of the potential bright spots for a steadily improving economy. Though construction starts continue to be constrained by tight financing, continued growth in incomes and the jobs market may be enough to push housing forward in the new year. Initial jobless claims, to be released Thursday at 8:30 a.m. ET , have bounced up and down in the 325,000 range, indicating that job growth, at the very least, is not moving in the opposite direction. Other data to be released include December leading economic indicators Thursday at 10:00 a.m. ET and the Mortgage Bankers Association`s mortgage applications index Wednesday at 7:00 a.m. ET . On Monday, it's a public holiday with Martin Luther King Jr .'s birthday. US equity and bond markets are closed. The World Economic Forum begins in Davos , Switzerland , with more than 1,600 executives and policy makers attending, including Japanese Prime Minister Shinzo Abe and Brazilian President Dilma Rousseff . The International Monetary Fund gives its outlook for the world economy. Managing Director Christine Lagarde indicated this month that the IMF may forecast faster expansion in 2014 than predicted in October. The Bank of Canada's interest-rate announcement and policy report. Governor Stephen Poloz dropped his bias toward raising interest rates in the central bank's last policy report in October. The bank has kept its benchmark rate at 1 percent since 2010. 10:00 in Ottawa, with a press conference at 11:15. Earnings Corporate earnings have been mixed so far this quarter, providing little impetus for stocks to add to last year`s impressive gains. Last week was dominated by financials but next week the focus will shift to technology stocks with the most prominent being IBM , Texas Instruments , eBay , Western Digital , SAP, Nokia , Microsoft and Xerox . Other important earnings releases will be Unilever, J&J, Verizon , United Technologies , US Bancorp , Abbott Laboratories , Freeport-McMoRan , McDonald`s, Union Pacific , Starbucks , Procter & Gamble and Honeywell .
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