[Key Events and Data Preview for This Week: US CPI, China Trade Balance; Fed Officials Speak Out]
1. Monday:
① Data: Swiss December Consumer Confidence Index; Eurozone January Sentix Investor Confidence Index; China December M2 Money Supply Annual Rate (TBD);
② Events: G7 Finance Ministers Meeting;
③ Holiday: Tokyo Stock Exchange closed for Coming of Age Day.
2. Tuesday: ① Data: US 10-year Treasury auction yield and bid-to-cover ratio (until January 12); Japan's November trade balance; US December NFIB Small Business Confidence Index; US December unadjusted CPI year-on-year rate, seasonally adjusted CPI month-on-month rate, seasonally adjusted core CPI month-on-month rate, unadjusted core CPI year-on-year rate; October new home sales annualized data; ② Events: Speeches by Fed officials Williams, Bostic, and Musalaim; South Korean President Lee Jae-myung visits Japan and holds a summit with Japanese Prime Minister Sanae Takaichi (until January 14); ③ Earnings Reports: JPMorgan Chase. 3. Wednesday:
① Data: US weekly API crude oil inventories; US November retail sales (MoM); US November PPI Q3 current account; October business inventories (MoM); December existing home sales (annualized); weekly API and EIA crude oil inventories; China December trade balance;
② Events: EIA releases monthly Short-Term Energy Outlook report; speeches by 2026 FOMC voting members, Philadelphia Fed President Paulson, and Fed Governor Milan; OPEC releases monthly oil market report;
③ Earnings Reports: Bank of America, Citigroup, Wells Fargo. 4. Thursday:
① Data: UK November 3-month GDP (MoM), November Manufacturing Output (MoM), November Seasonally Adjusted Goods Trade Balance, November Industrial Production (MoM); France December CPI (Final MoM); Germany 2025 Full-Year GDP Growth; Eurozone November Seasonally Adjusted Trade Balance, November Industrial Production (MoM); Canada November Wholesale Sales (MoM); US Initial Jobless Claims for the Week Ending January 10, January New York Fed Manufacturing Index, January Philadelphia Fed Manufacturing Index, November Import Price Index (MoM); EIA Natural Gas Storage for the Week;
② Events: Federal Reserve releases Beige Book; Speeches by 2026 FOMC voting member and Minneapolis Fed President Kashkari,
FOMC permanent voting member and New York Fed President Williams, etc.; ECB releases economic bulletin; Bank of Korea announces interest rate decision; US and Japanese defense ministers hold summit in Washington;
③ Earnings Reports: Morgan Stanley, Goldman Sachs, BlackRock. 5. Friday:
① Data: Germany's final December CPI month-on-month rate; US December industrial production month-on-month rate, January NAHB housing market index;
② Event: 2027 FOMC voting member and Richmond Fed President Barkin speaks on Virginia's economic outlook.
6. Saturday:
① Data: US weekly total oil rig count;
② Event: Fed Vice Chairman Jefferson speaks; Italian Prime Minister Meloni visits South Korea from January 17th to 19th.
