Economic Events and Corporate Reports January 5-9, 2026: Constellation Brands, Jefferies, Tilray, CPI and Nonfarm Payrolls

Weekly Overview January 5-9, 2026: Key Economic Events and Corporate Reports. Focus on Constellation Brands, Jefferies, Tilray, Inflation (CPI), PMI Indexes, and the US Labor Market (Nonfarm Payrolls).

The first full week of the new year (January 5-9, 2026) promises a rich stream of macroeconomic publications and the commencement of corporate reporting. The earnings season is just gaining momentum; major publicly traded companies from the US, Europe, and Asia will reveal their financial results, and investors worldwide will be keeping an eye on key inflation indicators (CPI) and business activity (PMI). The highlight of the week will be the US labor market data (Nonfarm Payrolls report), which could impact sentiment in global markets. These events may reflect on the dynamics of global stock indices, from the S&P 500 and Euro Stoxx 50 to the Nikkei 225. The Russian market will start the year with a shortened trading week due to New Year celebrations, but the international investment community will focus on global indicators. Let's analyze, day by day, what the markets can expect and which events investors should pay attention to.

Monday, January 5, 2026 – PMI in Asia, Inflation in Turkey, and US ISM Manufacturing Index

At the beginning of the week, the external background appears relatively calm. Investors will assess fresh business activity indices from Asia and observe inflation trends in emerging markets. There are minimal major corporate announcements on this day, so attention shifts to general macroeconomic trends. After the holiday weekend, the market is also digesting important news released over the weekend, including auto shipment data.

Before Market Opening:

Tesla – the electric vehicle manufacturer reported shipping volumes for Q4 2025 (around 418,000 vehicles) over the weekend. Although this number fell below last year’s level, it sets the tone for the EV sector and could affect car manufacturers' stocks on the first trading day of the year.

Economic Events (Moscow Time):

03:30 – Japan: PMI manufacturing index (December). A hold below 50 points is expected, indicating ongoing contraction in manufacturing; any unexpectedly strong data could support the Nikkei 225 and strengthen the yen.
04:45 – China: Caixin Services PMI (December). This report will reflect the state of China’s services sector at year-end; a PMI growth above forecasts signals sustainable domestic demand and may enhance sentiment in Asian markets.
10:00 – Turkey: Consumer Price Index (CPI) for December. Annual inflation in Turkey is expected to be around 30-32%, slightly below November’s level. A slowdown in inflation might support the Turkish lira, whereas an unexpected spike would heighten pressure on the Turkish Central Bank and the local market.
18:00 – USA: ISM manufacturing index (December). The forecast is around 47-48 points, indicating continued production contraction in the US. An index result below expectations may intensify concerns about economic slowdown and briefly weaken the S&P 500, while a stronger PMI could support the market.

Investor Takeaway: Monday will start without major shocks – there are few macroeconomic events, and trading may proceed moderately. The primary focus will be on the PMI data from Asia and inflation in Turkey: their results will indicate economic sentiment at the year’s start. The absence of significant corporate earnings shifts attention to general market indicators. Investors will also consider Tesla's quarterly shipment news, which sets the tone for the automotive and tech sectors on the first trading day of 2026.

Tuesday, January 6, 2026 – Global Services PMI, Meeting on Ukraine, and Reports from Next, AAR

On Tuesday, attention will center on the services PMI indices from several key economies – from Asia to America. These indicators will help assess how confidently the global services sector finished the past year. Furthermore, the political agenda will surface with the international coalition meeting in France addressing the situation in Ukraine. On the corporate front, the first reports from retailers and manufacturers will signal the state of affairs in the respective industries.

Before Market Opening:

Next plc – a leading British clothing retailer will present its trading statement for the Christmas season (Q4 Trading Statement). Strong holiday sales may lift retail stocks across Europe and indicate resilience in consumer demand in Britain, while a weak report could alarm investors regarding the sector.

After Market Close:

AAR Corp (AIR) – an American aviation service company will report for Q2 2026 fiscal year. AAR’s results (repair and maintenance for aviation technology) will provide insight into the aviation sector's health; revenue growth signals increased demand for air travel and may support airline stocks.

Economic Events (Moscow Time):

01:00 – Australia: Services PMI and Composite PMI (December). The indicators are expected to remain around the neutral level of 50; an improvement above 50 will indicate economic rebound in Australia towards year-end, while a drop will heighten fears of growth slowdown.
08:00 – India: Services PMI and Composite PMI (December). The Indian services sector has shown steady growth in recent months; another high PMI value (significantly above 50) will affirm the resilience of one of the fastest-growing economies, supporting optimism in emerging markets.
11:55 – Germany: Services PMI (final December data) and Composite PMI. Preliminary estimates showed around 47 points for services – in contraction territory. Confirmation of weakness in the service sector in Europe’s largest economy may pressure the DAX, while an upward revision could support the euro and European stocks.
12:00 – Eurozone: Services PMI and Composite PMI (December, final estimate). The Eurozone concludes the year amid stagnation: PMI values around 49 points. Investors await confirmation of this trend; any adjustments may influence ECB policy expectations and movement in the Euro Stoxx 50 index.
12:30 – United Kingdom: Final Services PMI (December). The British economy is teetering on the brink of recession, and the services index around 50 points corroborates that. Unchanged data will leave the FTSE 100 stable, while unexpected PMI growth will strengthen the pound and support the UK market.
16:00 – Brazil: Services PMI and Composite PMI (December). The state of Brazil’s largest economy at year-end will be assessed by these indices; stable or rising PMIs will help bolster faith in the recovery of the Brazilian market, while declines will heighten concerns about the region’s prospects.
16:00 – Germany: Preliminary Consumer Price Index (CPI) for December. The forecast suggests a slowdown in annual inflation in Germany to ~3%. Falling inflation will bolster expectations for a soft ECB policy and may positively impact the euro, whereas an unexpected rise in prices will heighten discussions on continued inflation-fighting efforts.
17:30 – Canada: Services PMI and Composite PMI (December). This publication will provide insight into business activity in Canada’s service sector; combined with recent employment data, it will influence the Canadian dollar and market sentiment in Toronto.
17:45 – USA: Services PMI (S&P Global) and Composite PMI (December, final). Preliminary data suggested slight improvement in business activity (around 49-50 points). Confirmation of PMI growth to 50 and above will be a positive sign of US economic stabilization, while weak indices could heighten recession fears.
00:30 – USA: American Petroleum Institute (API) weekly oil inventory reports. The oil market will track these figures through Tuesday: substantial inventory reductions will support oil prices (and shares of oil and gas companies), while rising stocks may temporarily pressure oil quotes.

Investor Takeaway: On Tuesday, the key theme will be global services PMI indices—their results will reflect the business sentiment entering 2026. The absence of significant macro data in the early part of the day shifts focus to corporate and political events: a strong trading update from the British Next will indicate consumer activity in Europe, while the coalition meeting on Ukraine may influence geopolitical risks. In the evening, investors will analyze the initial reports from US companies (like AAR Corp) to assess the state of specific sectors. Overall, the day promises moderate market movement, where PMIs and selective corporate news will set the tone.

Wednesday, January 7, 2026 – Eurozone Inflation, US Labor Market, and a Wave of Corporate Reports

Wednesday will be the most eventful day of the week, combining significant macroeconomic releases and a series of reports from major companies. European markets will receive fresh data on inflation in the Eurozone, aiding in the assessment of ECB direction, while the US will release a series of statistics on the labor market and business activity. Investors will pay special attention to corporate reports from several sectors—including retail, food, finance, and alcohol. Volatility may increase considering the return of global traders after the holidays and the concentrated flow of news.

Before Market Opening:

Albertsons Companies (ACI) – one of the largest grocery chains in the US will report for Q3 2025 fiscal year (before US trading begins). Investors will assess food sales dynamics amid inflation and the merger progress with Kroger; strong results may support retailer stocks and the entire S&P 500 index.
Cal-Maine Foods (CALM) – the largest egg producer in the US will report for Q2 2026 fiscal year. The results from Cal-Maine will highlight the impact of egg prices and feed costs; profit growth amid price stabilization will indicate normalization in the agri-food sector after a volatile year.
Fast Retailing (9983.T) – Japanese retail giant and owner of the Uniqlo brand will report for Q1 2026 fiscal year. Sales figures for Uniqlo in Japan and abroad will serve as indicators of consumer demand in Asia; a strong report will support the Nikkei 225 and sentiments in the global retail sector.

After Market Close:

Jefferies Financial Group (JEF) – an investment bank will report for Q4 2025 fiscal year (as well as annual results). Jefferies’ results will set the tone for the financial sector: revenue growth from investment banking and trading signals improved conditions on Wall Street, while weak figures may alarm investors regarding bank profits overall.
Constellation Brands (STZ) – a global alcohol producer (brands include Corona beer, Robert Mondavi wine, etc.) will report for Q3 2026 fiscal year. Investors are expecting revenue growth, especially in the beer segment in the US; improved margins amid steady demand for premium alcohol will support the company’s shares and signal strong consumer demand.
PriceSmart (PSMT) – operator of warehouse clubs in Latin America will report for Q1 2026 fiscal year. Year-on-year results will show whether sales growth continues in the region’s developing economies; positive trends from PriceSmart may heighten investor interest in the Central and South American markets.

Economic Events (Moscow Time):

Holiday: Kazakhstan’s stock markets are closed (Orthodox Christmas); the Moscow Exchange (Russia) is also closed, but SPB Exchange is trading foreign securities.
03:30 – Japan: Services PMI and Composite PMI (December). Final data on services sector business activity in Japan around 53-54 points will confirm strong sector growth, positively impacting the Nikkei 225. A decrease in PMI will be viewed negatively, especially in light of changes in the Bank of Japan's policies.
13:00 – Eurozone: Consumer Price Index (CPI) for December. Preliminary data indicate a slowdown in inflation in the Eurozone (around 2.5% year-on-year compared to 2.9% previously). Confirmation of this downward trend will relieve pressure on the ECB regarding further rate hikes and could support European stock indices; however, any unexpected deviation in CPI from forecasts (upward or downward) will instantly reflect on the euro and regional markets.
16:15 – USA: ADP employment report for the private sector (December). An increase of around +150,000 jobs is projected. The ADP data serve as a preliminary indicator for the official Nonfarm Payrolls report; a strong employment rise will bolster expectations of high NFP figures, potentially leading to rising bond yields and pressure on tech stocks, whereas a weak report might support hopes for a softer Fed policy.
18:00 – USA: several releases:
- Industrial Orders for October. A slight decrease in orders (-1-2% month-on-month) is expected due to weakness in the durable goods sector; a sharper drop than forecast could negatively impact industrial sector stocks.
- JOLTS Open Positions for November. The forecast is ~9.5 million vacancies, slightly down from the previous level. A decrease in vacancies indicates a cooling labor market in the US, which in turn reduces inflationary pressures.
- ISM Services Index for December. A reading around 52 points is expected, indicating moderate growth in services. This indicator is especially important following weak ISM manufacturing data: if the services sector shows resilience, this will ease market concerns regarding recession risks.
18:30 – USA: EIA weekly oil inventory report. Analysts forecast a slight change in crude oil inventories. A sharp reduction in inventories will signal bullish prospects for the oil market, while an unexpected increase could temporarily lessen prices and shares of oil and gas companies.

Investor Takeaway: Wednesday offers multiple reference points for global markets. In the morning, the Eurozone inflation data will serve as crucial indicators: ongoing price declines may boost European stocks and strengthen the euro, whereas an unexpected inflation spike will alarm market participants. The afternoon will see a series of American indicators—from the ADP report to the ISM services index—presenting a comprehensive picture of the US economy ahead of the crucial employment report. In this context, corporate earnings play a significant role: results from Albertsons and Cal-Maine will showcase the state of the consumer market and food prices, while evening reports from Jefferies and Constellation Brands will act as a "barometer" for both financial and consumer sectors. Investors will need to correlate all these signals: a combination of moderate inflation in Europe, a stable US labor market, and positive corporate earnings might enhance risk appetite, whereas adverse mixtures (like rising prices alongside weak earnings) will increase volatility and caution.

Thursday, January 8, 2026 – European Data, US Trade Balance, and Reports from Tilray, AEHR, Aritzia

Thursday continues the stream of significant events, although their impact on the market may be mixed. Europe will publish statistics on industrial orders and producer prices, shedding light on economic trajectories at the end of 2025. American statistics for the day include fresh labor market data (weekly claims) and trade figures, alongside indicators of inflation expectations—all complementing the overall picture established the day before. The corporate agenda will again move to the forefront closer to evening: investors will focus on results from companies across various industries, including the dynamic cannabis sector, high-tech equipment, and consumer fashion.

Before Market Opening:

RPM International (RPM) – an American manufacturer of industrial coatings and building materials will report for Q2 2026 fiscal year. RPM's data on paint, sealants, and other materials will reflect the state of construction activity in the US and globally; improved profits will signal steady demand in the construction sector, potentially supporting industrial company stocks.

After Market Close:

Tilray Brands (TLRY) – a Canadian-American cannabis producer will report for Q2 2026 fiscal year. Investors will focus on revenue from marijuana sales and hemp products in the North American market; positive surprises in the report could spark renewed interest in the cannabis sector, which dimmed in 2025.
Aehr Test Systems (AEHR) – an American high-tech company manufacturing semiconductor testing equipment will report for Q2 2026 fiscal year. AEHR experienced a sharp rise in orders last year due to demand from electronics and electric vehicle manufacturers. Strong financial results will affirm the trend's continuation and may lead to a rally in semiconductor stocks.
Aritzia Inc. (ATZ) – a Canadian fashion retailer will report for Q3 2026 fiscal year. Aritzia's sales results in Canada and the United States will showcase consumer spending on discretionary goods. Investors expect revenue growth, especially in online sales; a successful quarter will strengthen confidence in the premium retail segment.
WD-40 Company (WDFC) – an American manufacturer of the legendary lubricants will report for Q1 2026 fiscal year. While a small company, its products are global; increased sales of WD-40 in global industrial goods markets will signal the health of small manufacturing businesses and infrastructure projects.

Economic Events (Moscow Time):

10:00 – Germany: Industrial Orders for November. The forecast implies a slight increase in orders (~+0.5% month-on-month) after a decline in the previous month. Improving figures indicate stabilization in Germany’s industrial sector and may boost machine-building companies' stocks. However, if orders unexpectedly fall, pressure on the DAX index will intensify.
13:00 – Eurozone: Producer Price Index (PPI) for November. A decline in industrial inflation in the Eurozone against falling energy costs is expected. A year-on-year drop in PPI will confirm weakening price pressures at the factory level and is likely to be positively received by the bond market. Nonetheless, excessive declines in producer prices may raise questions about demand and company margins.
13:00 – Eurozone: Consumer Confidence Index (December, final estimate) and Consumer Inflation Expectations Indicator. These sentiment indicators will reveal how confident European households are in the economy and the direction they believe inflation is heading. Improved consumer confidence alongside declining inflation expectations will bolster the view that the ECB is nearing the end of its tightening cycle.
16:30 – USA: Initial Claims for Unemployment Insurance (week). The weekly figure remains at historically low levels (~220-230 thousand), reflecting a still strong labor market. Any significant deviation—an increase in claims above 250 thousand or a drop below 200 thousand—will immediately impact sentiment, correcting expectations for Nonfarm Payrolls and Fed policy.
16:30 – USA: Trade Balance for October. The US trade deficit is anticipated at around $65 billion. A narrowing deficit due to rising exports supports the idea of a positive contribution from trade to GDP for Q4, while an expanding deficit will highlight pressure from imports and a strong dollar. However, the impact of these data on the market is usually limited.
18:30 – USA: Weekly EIA Natural Gas Inventory Report. This publication is crucial for the energy sector, especially given the winter season. Continuing declines in gas inventories (due to the cold) may push gas prices up, while unexpected inventory rises could cool the market.
19:00 – USA: New York Fed's Consumer Inflation Expectations Index for December. This survey shows what level of inflation households expect one year ahead. If inflation expectations decline (e.g., closer to 3% versus ~3.5% previously), the Federal Reserve will gain an argument for pausing rate hikes. Conversely, rising expectations will exacerbate concerns about persistent inflation.

Investor Takeaway: Thursday shapes a mixed news backdrop, intertwining European statistics and American data with a series of niche but significant corporate reports. For European markets, morning figures on industry and prices will serve as indicators: positive surprises may boost the euro and stocks, while weaknesses will heighten discussions on recession risks in the EU. In the US by day’s end, investors will analyze new signals concerning the labor market (claims) and consumer inflation expectations, important in the context of the forthcoming Nonfarm Payrolls report and the next Fed meeting. At the micro level, reports from Tilray and other companies after close deserve attention: success from Tilray or AEHR may trigger local volatility spikes in their sectors (cannabis, semiconductors), while the overall results for Thursday will help adjust positions ahead of key Friday data. Overall, investors should prepare for potential market fluctuations given the mixed nature of incoming information.

Friday, January 9, 2026 – Chinese and Brazilian Inflation, US Nonfarm Payrolls, and Consumer Confidence

The final day of the week will deliver the most anticipated macroeconomic release—the US labor market report for December, which traditionally sets the tone for financial markets. In addition to the American payrolls, investors will receive inflation data from China and Brazil, as well as evaluate the state of Germany’s industry. Closer to the evening, the results of a Michigan consumer survey will be released—this sentiment and inflation expectations indicator will add important context to the overall picture. There are few corporate reports due on this Friday, but in Asia, attention will be drawn to results from a Japanese electronics manufacturer, whose outcomes are often perceived as a leading indicator for the tech sector.

Before Market Opening:

Yaskawa Electric (6506.T) – a Japanese industrial robotics manufacturer will report for Q3 2025 fiscal year. Yaskawa traditionally is one of the first in the industry to report quarterly results: order growth for robots and production automation signals a recovery in investment activity, both in Japan and globally. A strong report from Yaskawa may boost confidence in the tech sector and elevate Asian tech indices.

Economic Events (Moscow Time):

04:30 – China: Consumer Price Index (CPI) for December. In China, inflation remains close to zero: around +0.5% year-on-year is anticipated (following 0.4% in November). A low inflation level indicates weak domestic demand but provides more room for government stimulus measures. Any deviation of CPI from zero (e.g., unexpected price rise) may influence the People's Bank of China's policy and market sentiment in Shanghai.
10:00 – Germany: Industrial Production for November. A slight increase in output (~+0.2% month-on-month) is projected after a contraction the month prior. Improved production figures in Germany towards year-end will be a positive signal for the European economy and support the DAX, while a new production decline will heighten concerns about industrial slowdown in the EU.
15:00 – Brazil: Consumer Price Index (CPI) for December. Inflation in Brazil remains moderate due to the Central Bank’s stringent policy: approximately 4.5-5% year-on-year is expected. Brazilian CPI data are crucial for understanding trends in the largest market in Latin America; further inflation slowdown may pave the way for interest rate cuts in Brazil, supporting local stocks and bonds.
16:30 – USA: Nonfarm Payrolls report for December and unemployment rate. The week’s climax: the consensus forecast suggests an increase of ~180-200,000 new jobs, and the unemployment rate will remain at 3.7-3.8%. If Nonfarm Payrolls exceed expectations, markets may react with rising Treasury yields and a stronger dollar, as a robust labor market heightens the likelihood of further Fed actions. Weaker reports (especially combined with rising unemployment) may conversely spark discussions about an impending end to policy tightening, boosting stock indices.
16:30 – USA: Housing Starts for October. This indicator is released with a lag; it’s expected that the data will confirm some slowdown in housing construction in the fall due to high mortgage rates. Although the current release is delayed, it will provide context for assessing the housing market ahead of fresh data for November-December.
18:00 – USA: University of Michigan Consumer Confidence Index (preliminary data for January) and related consumer inflation expectations metrics. An increase in the sentiment index to ~72 points (up from 70.6 in December) is expected against a backdrop of falling gasoline prices and a stable labor market. Improved sentiment and declining long-term inflation expectations (e.g., down to 2.9-3.0% from the current 3.2%) will provide favorable signals, confirming that consumers are looking forward with optimism. However, if confidence unexpectedly falls, this may alarm markets regarding household spending at the year's start.
21:00 – USA: Baker Hughes report on active drilling rigs (oil and gas). The number of active rigs in the US provides insights into trends in the shale industry; acontinued decline in rigs may bolster energy prices from a long-term perspective, while an increase in rigs signals ramping production.

Investor Takeaway: On Friday, markets will receive a wide array of data capable of significantly impacting sentiment. Without a doubt, the day’s primary event will be the Nonfarm Payrolls report from the US—this will determine short-term expectations for Fed policy and set the trading session's tone: a strong report may provoke increased volatility and capital flow toward the dollar, while signs of labor market cooling will support stocks and other risk assets. Simultaneously, other indicators shouldn’t be overlooked: ultra-low inflation in China and moderate inflation in Brazil will confirm a global easing trend, while US consumer confidence data will reveal whether households are ready to spend in the new year. As the week concludes, investors will reassess all the received information—from corporate reports of Constellation Brands, Jefferies, Tilray, and others to macro statistics—to adjust their strategies. Attention should be given to the consistency of signals: if most data indicates resilience in the global economy with softening inflation, this will create a favorable environment for ongoing market growth at the start of 2026. However, if figures prove contradictory, heightened caution and volatility may persist in the coming weeks.