This Week’s Key Events: FOMC, GDP, PPI, China New Year

Key events this week include US earnings season, the start of China’s Lunar New Year period, and a dense macro calendar led by the Federal Reserve decision on Wednesday.

Monday, Jan 26 (ET)

• Australia: Markets closed (Australia Day)
• India: Markets closed (Republic Day)
• Germany: Ifo Business Climate (Jan) — 4:00 AM
• US: Durable Goods Orders (Nov) — 8:30 AM
• US: Chicago Fed National Activity Index (Nov) — 8:30 AM
• US: Dallas Fed Manufacturing Index (Jan) — 10:30 AM
• US Oil: API Crude Inventories — 4:30 PM
• China: Industrial Profits (Dec) — 8:30 PM

Tuesday, Jan 27 (ET)

• EU / India: Trade-deal discussions (no set time provided)
• US: Senate Agriculture Committee vote on a digital assets bill (no set time provided)
• US: ADP Employment (weekly) — 8:15 AM
• US: Trump remarks — 8:30 AM
• US: S&P CoreLogic Case-Shiller Index (Nov) — 9:00 AM
• US: Conference Board Consumer Confidence (Jan) — 10:00 AM
• US: Richmond Fed Manufacturing Index (Jan) — 10:00 AM
• Eurozone: ECB President Lagarde speaks — 10:00 AM
• US Oil: API Crude Inventories — 4:30 PM
• Japan: BoJ meeting minutes — 6:50 PM
• Australia: CPI (Q4 2025) — 7:30 PM

Wednesday, Jan 28 (ET)

• India: Wings India airshow begins (no set time provided)
• Canada: Central bank rate decision — 9:45 AM
• Canada: Central bank press conference — 10:30 AM
• US Oil: EIA Crude Inventories — 10:30 AM
• Russia: CPI — 11:00 AM
• US: FOMC rate decision — 2:00 PM
• US: FOMC press conference — 2:30 PM
• Brazil: Central bank rate decision — 4:30 PM

Thursday, Jan 29 (ET)

• Eurozone: Consumer Confidence (Jan) — 5:00 AM
• Eurozone: Consumer Inflation Expectations (Jan) — 5:00 AM
• South Africa: Central bank rate decision — 8:00 AM
• US: Initial Jobless Claims — 8:30 AM
• US: Trade Balance (Nov) — 8:30 AM
• US: Factory Orders (Nov) — 10:00 AM
• US Natural Gas: EIA Gas Storage — 10:30 AM

Friday, Jan 30 (ET)

• US: Government shutdown risk (no set time provided)
• Germany: GDP (Q4 2025) — 4:00 AM
• Eurozone: GDP (Q4 2025) — 5:00 AM
• Canada: GDP (Nov) — 8:30 AM
• US: PPI Inflation (Dec) — 8:30 AM
• US: Chicago PMI (Jan) — 9:45 AM
• China: Manufacturing / Services / Composite PMI (Jan) — 8:30 PM

Sunday, Feb 1 (ET)

• Geopolitics: Russia–Ukraine–US talks in Abu Dhabi (no set time provided)
• Oil: OPEC+ meeting (no set time provided)

What matters most for markets: the Fed on Wednesday, GDP reads in Europe on Friday, US PPI on Friday morning, and China’s PMI (released Friday evening ET). Energy traders will also watch the weekly API/EIA inventory cycle.

Also on the Radar: Earnings Season Heats Up

US corporate earnings remain a major driver of day-to-day market moves. With Q4 2025 reporting season accelerating, roughly 13% of S&P 500 companies have already released results.

Early reactions have been mixed, reinforcing that guidance and margins matter as much as headline beats.

• Netflix (NFLX): shares slipped despite a strong quarter, with investors focused on content spending and buyback expectations.
• Intel (INTC): fell after a softer near-term outlook and ongoing margin pressure.
• Johnson & Johnson (JNJ): delivered one of its strongest quarters in years and issued a solid 2026 outlook, with shares holding near record levels.

Next week’s lineup is heavy with market-moving names — including Microsoft (MSFT), Meta (META), Apple (AAPL) and Tesla (TSLA). Investors will also watch Visa (V) and Mastercard (MA) in financials, ASML (ASML) in semiconductors, and ExxonMobil (XOM) and Chevron (CVX) in energy.

For traders, higher-volatility names such as Sandisk (SNDK) and Western Digital (WDC) are also on watch.

Earnings backdrop: FactSet’s estimate for S&P 500 earnings growth in Q4 has edged up to 8.1% year-over-year, from 8.0% a week earlier — a small revision, but one that supports the view that corporate profits remain resilient.