Key Economic Events and Corporate Reports for Saturday, January 10, 2026. A Review of Global Markets, Macroeconomics, and Public Companies in the USA, Europe, Asia, and Russia. What Investors Should Pay Attention to.
Saturday, January 10 — traditionally a day off for global stock markets. Key indices in the USA, Europe, and Asia have shown positive dynamics at the beginning of 2026: the S&P 500 has risen approximately 1% over the first week, as investors await the upcoming earnings season and important macro data. Among the notable events of the day is the quarterly report from India's DMart (Avenue Supermarts). Meanwhile, markets are focusing on fundamental trends: the situation in the US labor market, inflation dynamics in the global economy, and the prospects for monetary policy from central banks.
USA: Labor Market and Inflation
- In December, the US is expected to create around 60,000 jobs, with unemployment falling to 4.5%. These figures reflect a "no hire, no fire" mode in the labor market and strengthen confidence in the Federal Reserve's pause on interest rate hikes.
- The growth of average hourly wages is slowing, which alleviates inflationary pressure. Nevertheless, investors are closely monitoring the December CPI and core inflation, which will be released early next week and will serve as key triggers for the dollar and yields.
- US stock indices continue to hit new highs: the S&P 500 is reaching record levels. Market support stems from optimism regarding corporate earnings and a looser monetary policy. However, a sharp rise in yields could lead to a correction in the tech sector and increase funding costs.
Asia: China and Japan
- China: According to a partial survey by S&P Global, the services sector's Purchasing Managers' Index (PMI) fell to 52.0 in December (a six-month low). Weak growth in domestic demand and a decline in export orders raise deflation risks, heightening expectations for new stimuli from the People's Bank of China. This is putting pressure on global commodity prices and emerging markets.
- Japan: Real household income fell by 2.8% year-on-year in November — the sharpest drop in a year. The decline is attributed to a significant reduction in one-time bonuses; nominal wage growth was only around 0.5%. At the same time, annual inflation in Japan stands at 3.3%, significantly exceeding income growth. This dynamic constrains consumer spending and forces the Bank of Japan to prepare for a gradual tightening of policy.
Europe: Germany and the Eurozone
- Germany: An unexpected decline in exports in November by 2.5% year-on-year signals ongoing weakness in external demand. The drop is due to a decrease in shipments to EU countries and the USA. On the other hand, industrial production rose by 0.8% in November – the third consecutive monthly increase. This suggests the beginning of stabilization in domestic demand and potentially softening the decline in industry.
- Market Impact: Positive manufacturing data from Germany supports shares in the industrial sector (DAX, Euro Stoxx 50) and the euro's exchange rate. Should the statistics disappoint, caution may return to European markets: investors may shift focus to bonds and gold, and expectations for ECB's policy easing will strengthen.
Corporate Earnings: DMart and Banking Season
Saturday has a rather modest corporate calendar — except for India. Major companies in the USA, Europe, and Russia are not reporting. The focus is on retailer DMart (Avenue Supermarts), which will present its financial results for Q3 of the 2025/26 fiscal year (October–December).
- Avenue Supermarts (DMart, India): Analyst forecasts suggest that the chain's revenue for Q3 2025/26 will rise approximately 13% year-on-year (to about ₹17,613 crore). Net profit is expected to show modest growth, however, the operating margin is likely to contract due to rising logistics and trading costs. Investors will closely monitor same-store sales dynamics and management's comments on pricing strategy and network expansion.
- US Financial Sector: Next week marks the start of the Q4 earnings season — major American banks (JP Morgan, Citigroup, Bank of America, Goldman Sachs, etc.) will release results from Tuesday to Thursday. These reports will provide insights into credit activity and the state of consumer spending in the economy.
Indices and Markets: S&P 500, Euro Stoxx 50, Nikkei 225, MOEX
- S&P 500 (USA): has made a strong start to the year and is hovering near historic highs. Considering the expected growth in corporate earnings and support from loose monetary policy, investors tend to maintain a bullish outlook. Key factors remain fundamental data: US inflation publications and banking results.
- Euro Stoxx 50 (Eurozone): is under the influence of the macrocalendar. Improving manufacturing in Germany boosts investor confidence, but declining exports create uncertainty. The Eurozone is sensitive to currency dynamics (EUR/USD rate) and ECB decisions; any negative external conditions may lead to corrections in European markets.
- Nikkei 225 (Japan): continues to rise amid optimism surrounding economic recovery and a strengthening yen. However, fundamentally the market is limited by weak real income growth and the cautious policy of the Bank of Japan. Earnings reports from Japanese companies, starting at the end of the week (e.g., Yaskawa Electric), set the tone for the local market.
- MOEX (Russia): is oriented towards external factors — primarily oil prices and geopolitical risks. The ruble remains stable around ~100 rub/$, while oil stays above $60/barrel. In the coming days, investors will track the dynamics of budgetary oil revenues (expected to hit a three-year low in January) and the Central Bank's actions in response to external shocks.
End of Day: What Investors Should Pay Attention To
- US Labor Market: A key trigger is the employment and unemployment data. Their publication will determine the dynamics of yields and the dollar. A lower job growth rate would support a dovish scenario for the Federal Reserve, while an acceleration in hiring and wages would prompt hawkish pressure on assets.
- China and Commodity Markets: Weakening domestic demand activity in China poses a risk to resource prices. Investors should monitor signals of stimulus that may soon be announced by authorities, as well as the impact of Chinese statistics on emerging markets.
- Europe: The German industrial production index will confirm or refute hopes for growth in the Eurozone. Strong data will help strengthen EUR/USD and support Euro Stoxx 50 shares, while weak data will heighten expectations for ECB policy easing and growth in euro-denominated bonds.
- Corporate Reports: The results from DMart will provide insights into consumer demand in emerging markets. Following this, the reports from US banks will be crucial for assessing asset quality and the credit cycle. Reflection of these trends in companies' financial indicators will help adjust portfolios.
- Risk Management: Amid the release of important macro data and a packed earnings schedule, volatility is expected to rise. It is advisable to determine risk levels in advance, diversify portfolios, and use hedging instruments (currency and interest rate derivatives) to protect savings.
