Key Economic Events and Corporate Reports on Friday, January 30, 2026: Germany and Eurozone GDP, US Producer Inflation, Shutdown Risks, and Reports from Major Public Companies Worldwide.
Shutdown Threat in the US
The United States is facing the prospect of a partial shutdown of the federal government. The existing temporary budget, passed by Congress previously, expires on January 30, and if lawmakers fail to agree on new funding, a suspension of government agency operations will take effect at midnight. Political disagreements over spending, particularly regarding the funding of specific agencies, continue to create uncertainty. Investors are closely monitoring negotiations in Washington, as a shutdown could negatively affect US economic growth and lead to increased volatility in financial markets.
Germany GDP (Q4 2025)
Today, the preliminary estimate of Germany's GDP for the fourth quarter of 2025 will be released. Analysts expect modest growth for the largest economy in Europe of approximately +0.2% q/q following zero growth in the third quarter. This will indicate whether Germany has managed to avoid a recession amid energy challenges and a decline in industry. Year-on-year, Germany’s economic growth for 2025 is expected to be merely a fraction of a percent. The results of the German GDP will set the tone for the entire Eurozone: unexpectedly strong data may uplift European markets, while weak figures could heighten concerns about the sustainability of economic recovery.
Eurozone GDP: Preliminary Data Q4 2025
Following this, aggregated Eurozone GDP data 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, indicating stagnation after a slight uptick of 0.2% in the previous quarter. Year-on-year, Eurozone GDP growth may amount to around 1.2% (down from 1.4% in Q3). These figures will illustrate how the region's economy is coping with elevated interest rates and external risks. For the European Central Bank, weak statistics will provide additional arguments for a cautious policy stance, while stronger data may fuel discussions on the need for further measures to combat inflation.
Canada GDP for November 2025
In the afternoon, Canada’s GDP estimate for November 2025 (monthly indicator) will be released. Preliminary data indicated a slight growth of approximately +0.1% m/m, but the official statistics will clarify the actual dynamics. In the latter half of 2025, Canada's economy showed mixed signals: following a decline in the second quarter, there was a recovery in the third. The November figures will help assess the growth trajectory in Q4. If it turns out that economic activity slowed down or turned negative at the end of the year, this could affect the Bank of Canada's interest rate plans, softening expectations of potential policy tightening.
US Producer Price Index (PPI) for December
The US Department of Labor will publish the Producer Price Index (PPI) for December. This indicator reflects wholesale price dynamics and serves as a leading signal for inflation trends. In November, PPI in the US rose by 3% year-on-year, and the market is forecasting similar figures for December. Producer price growth is expected to remain moderate, around 2.9–3.1% y/y. A slight acceleration compared to the previous month could indicate persistent inflationary pressure in the manufacturing segment, although the overall level remains significantly below last year’s peaks. Investors and economists will take this data into account when assessing the Federal Reserve's subsequent actions: stable PPI will support the view that inflation is being brought under control, while an unexpectedly high jump may intensify discussions about the risk of a resurgence in consumer prices.
Chicago PMI (January)
Closer to the evening, the January Chicago Purchasing Managers' Index (PMI) will be released. This regional leading indicator will assess the state of the US manufacturing sector at the start of the year. In December, business activity in the Chicago area significantly recovered – the index rose to about 43–44 points after plummeting to 36.3 in November (values below 50 indicate contraction). The consensus forecast for January suggests a further modest improvement in the index, although it will likely remain in contraction territory (<50). A continuing recovery in the Chicago PMI could signal a gradual revival in manufacturing output following a weak autumn. However, maintaining values significantly below 50 indicates that the US manufacturing sector is still facing challenges, and sustainable growth has yet to be achieved.
US Company Reports
In addition to macroeconomic statistics, investors will receive a wave of corporate news. Today, several major companies within the S&P 500 and Dow Jones indices will present their financial results for Q4 2025:
- ExxonMobil – a global leader in the oil and gas sector. ExxonMobil’s results will reveal how fluctuations in oil and gas prices at the end of 2025 have impacted the company’s profits.
- Chevron – another major US oil and gas corporation. Investors will compare the reports of Chevron and ExxonMobil to evaluate the state of the energy sector and prospects for dividend payouts against 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 US during the holiday season of Q4.
- Colgate-Palmolive – a multinational company that produces consumer goods. 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 communication market, subscriber growth, and the monetization of 5G services.
In addition to those mentioned, quarterly reports will also be released today from pharmaceutical company Regeneron Pharmaceuticals, insurance broker Aon, consumer goods manufacturer Church & Dwight, and others. The cumulative results of these reports will help assess the financial health of various sectors of the American economy—ranging from energy and finance to healthcare and high technology.
European and Asian Company Reports
In Europe and Asia, several corporate reports will also be released on January 30, attracting 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 reflect trends in the Eurozone banking sector, including demand for loans and asset quality amid changing interest rates.
- Raiffeisen Bank International (Austria) – a large Austrian banking group with a presence in Eastern Europe. Investors from the CIS region traditionally monitor its performance given the bank's operational activities in emerging European markets.
- Electrolux AB (Sweden) – a renowned appliance manufacturer. The Electrolux report will provide insights into 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) – India’s largest state-owned bank. SBI's quarterly results are significant in the context of rapid growth in the Indian economy; they will demonstrate lending dynamics and asset quality in one of the key emerging markets.
Reports from several Scandinavian companies (e.g., industrial group SKF and packaging manufacturer Billerud in Sweden) and other Asian firms (including high-tech companies from Japan) will also be published. Although these issuers may be less familiar to the broader CIS investor audience, their results complement the overall picture of the financial health of the corporate sector across various regions globally.
Investor Considerations
The last trading day of the week brings together a variety of events – from politics to macroeconomics and corporate news. In this context, it is important for investors to focus on the most significant factors:
- Budget Crisis in the US: Monitor news from Washington regarding the budget negotiations. Any signs of progress (or lack thereof) could impact markets and the dollar’s exchange rate immediately.
- 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.
- US Inflation Indicators: Pay close attention to the PPI report. Moderate producer price inflation will calm markets, while a spike in PPI may increase volatility due to revisions of expectations regarding the Fed's interest rate.
- Quarterly Reports from Market Leaders: By evaluating the results of giants like ExxonMobil, Chevron, American Express, and others, investors will obtain benchmarks regarding company earnings across various sectors. This will help refine strategies regarding relevant stocks and sectors.
In general, Friday, January 30, promises to be an active day on the exchanges. The response of the S&P 500, Euro Stoxx 50, Nikkei 225, and Moscow Exchange index will depend on whether expectations for key statistics and corporate profits are met. Investors from CIS countries should take into account the global news backdrop when making decisions, as the international events of the day may set the tone for market dynamics in the near term. As the week concludes, market participants will strive to assess the comprehensive array of information received to enter the following week with a complete picture of the economic situation.
