Key Economic Events and Corporate Reports on Friday, January 30, 2026: GDP of Germany and Eurozone, Producer Inflation in the U.S., Shutdown Risks, and Earnings from Major Public Companies Worldwide.
Shutdown Threat in the U.S.
The United States is facing a partial shutdown of the federal government. The current temporary budget, previously passed by Congress, expires on January 30, and if lawmakers fail to agree on new funding, a suspension of government operations will take effect at midnight. Political disagreements over spending, especially regarding funding for individual departments, continue to create uncertainty. Investors are closely monitoring the negotiations in Washington, as a shutdown could negatively impact U.S. economic growth and lead to increased volatility in financial markets.
Germany's GDP (Q4 2025)
Today, the preliminary GDP estimate for Germany for the fourth quarter of 2025 will be released. Analysts expect weak growth for Europe's largest economy, around +0.2% q/q, following no growth in the third quarter. This figure will indicate whether Germany has managed to avoid recession amid energy issues and a downturn in industry. On a year-over-year basis, Germany's economic growth for 2025 is projected to be only a fraction of a percent. The results of Germany’s GDP will set the tone for the entire Eurozone: unexpectedly strong data could uplift European markets, while weak results may heighten concerns about the sustainability of the economic recovery.
Eurozone GDP: Preliminary Data for Q4 2025
Following this, aggregated data on Eurozone GDP for the fourth quarter will be released. Economic growth in the currency bloc is expected to slow to approximately 0.0–0.1% q/q, which is close to stagnation, after a slight rise of 0.2% in the previous quarter. Year-over-year, Eurozone GDP growth may be around 1.2% (down from 1.4% in Q3). These figures will reflect how well the region's economy is coping with rising interest rates and external risks. Weak statistics will provide the European Central Bank with an additional argument for a cautious policy stance, while stronger data could intensify discussions about the need for further measures to combat inflation.
Canada's GDP for November 2025
In the afternoon, the GDP estimate for Canada for November 2025 (monthly indicator) will be released. Preliminary data indicated slight growth of around +0.1% m/m, but official statistics will clarify the actual dynamics. Canada’s economy displayed mixed signals in the second half of 2025: following a downturn in the second quarter, there was a rebound in the third. The November figures will help assess the growth trajectory for the fourth quarter. If it turns out that economic activity slowed down or turned negative by the end of the year, it could influence the Bank of Canada’s interest rate plans, dampening expectations for possible tightening of policy.
U.S. Producer Price Index (PPI) for December
The U.S. Department of Labor will release the Producer Price Index (PPI) for December. This indicator reflects the dynamics of wholesale prices and serves as a leading signal for inflation trends. In November, the PPI rose by 3% year-over-year, and the market anticipates similar figures for December. Producer price growth is expected to remain moderate, in the range of 2.9–3.1% y/y. A slight acceleration compared to the previous month may indicate continued inflationary pressure in the production segment, although the overall level remains significantly below last year's peaks. Investors and economists will take these data into account when assessing the Federal Reserve's next steps: a stable PPI will reinforce the view that inflation is under control, while an unexpectedly high jump could intensify discussions about the risk of renewed consumer price increases.
Chicago PMI (January)
Later in the evening, the Chicago Purchasing Managers’ Index (PMI) for January will be released. This regional leading indicator will gauge the state of the U.S. manufacturing sector at the beginning of the year. In December, business activity in the Chicago area rebounded significantly – the index rose to approximately 43–44 points after falling to 36.3 in November (values below 50 indicate contraction). The consensus forecast for January suggests further slight improvement, although it will likely remain in contraction territory (<50). A continued recovery of the Chicago PMI may signal a gradual revival of industrial production after a weak autumn. However, maintaining index values significantly below 50 suggests that the U.S. manufacturing sector is still facing difficulties, and sustainable growth has yet to be achieved.
Reports from U.S. Companies
In addition to macroeconomic statistics, investors will receive a wave of corporate news. Today, several major companies in the S&P 500 and Dow Jones indices will report their financial results for Q4 2025:
- ExxonMobil – one of the world's leaders in the oil and gas sector. ExxonMobil's results will show how fluctuations in oil and gas prices affected the company's profits at the end of 2025.
- Chemical – another large U.S. energy corporation. Investors will compare the reports of Chevron and ExxonMobil to assess the state of the energy resources sector and the dividend prospects amid stable oil prices.
- American Express – a leading financial company in the payment systems sector. Its quarterly report will serve as an indicator of consumer spending and demand for credit services in the U.S. during the fourth quarter holiday season.
- Colgate-Palmolive – a multinational consumer goods manufacturer. Investors will analyze Colgate-Palmolive's sales dynamics and profitability to understand the impact of cost inflation on the consumer sector.
- Verizon Communications – one of the largest American telecommunications operators. Verizon's report will provide insights into the state of the telecommunications market, subscriber growth, and monetization of 5G services.
In addition to those mentioned, pharmaceutical company Regeneron Pharmaceuticals, insurance broker Aon, consumer goods manufacturer Church & Dwight, and other firms will also report quarterly results today. The cumulative results of these reports will help assess the financial health of various sectors of the American economy – from energy and finance to healthcare and high technology.
Reports from European and Asian Companies
In Europe and Asia, a series of corporate reports will also be released on January 30, drawing the attention of global investors. Among the most notable international companies reporting today are:
- CaixaBank (Spain) – one of the largest banks in Spain. Its Q4 results will show trends in the Eurozone banking sector, including demand for loans and asset quality amid changing interest rates.
- Raiffeisen Bank International (Austria) – a major Austrian banking holding with a presence in Eastern Europe. Investors from the CIS region traditionally monitor its performance given the bank's operations in developing European markets.
- Electrolux AB (Sweden) – a well-known manufacturer of household appliances. Electrolux's report will provide information on consumer demand in Europe and North America, as well as how the company is coping with rising costs and supply chain issues.
- Sumitomo Mitsui Financial Group (Japan) – one of Japan’s largest banking conglomerates. Its financial results reflect the state of the Japanese financial sector and may indirectly indicate trends in the Asian economy.
- State Bank of India (India) – the largest state bank in India. SBI's quarterly results are of interest in the context of India’s rapid economic growth; they will showcase lending dynamics and asset quality in one of the key developing markets.
Reports from a number of Scandinavian companies (e.g., industrial group SKF and packaging manufacturer Billerud in Sweden) and other Asian firms (including high-tech companies from Japan) are also being published. Although these issuers may be less known to the broader CIS investor audience, their results add to the overall picture of the financial health of the corporate sector across various regions of the world.
What Investors Should Focus On
The last trading day of the week combines a range of diverse events – from politics to macroeconomics and corporate news. In these circumstances, it is crucial for investors to concentrate on the most significant factors:
- Budget Crisis in the U.S.: monitor news from Washington regarding budget negotiations. Any signs of progress (or lack thereof) could immediately impact markets and the dollar's exchange rate.
- Eurozone GDP Statistics: analyze the GDP data from Germany and the Eurozone. Unexpectedly strong growth will support European stocks and the euro, while weak figures will heighten recession concerns in the region.
- U.S. Inflation Indicators: pay attention to the PPI report. Moderate producer price inflation will calm markets, while a spike in PPI could increase volatility due to reassessment of Fed interest rate expectations.
- Quarterly Reports of Market Leaders: by evaluating the results of giants such as ExxonMobil, Chevron, American Express, and others, investors will gain benchmarks for revenues across different sectors, helping them adjust strategies regarding relevant stocks and sectors.
Overall, Friday, January 30, is set to be active on the exchanges. The reaction of the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange Index will depend on whether expectations regarding key statistics and corporate profits are met. Investors from CIS countries should consider the global news backdrop when making decisions, as international events on this day are likely to influence market dynamics in the near term. As the week comes to a close, market participants will strive to assess the entire spectrum of incoming information to enter the following week with a comprehensive understanding of the economic situation.
