Key Economic Events and Corporate Reports for Saturday, January 10, 2026. Overview of Global Markets, Macroeconomics, and Public Companies in the US, Europe, Asia, and Russia. What Investors Should Watch For.
Saturday, January 10 — traditionally a day off for global equity markets. Key indices in the US, Europe, and Asia have shown positive dynamics at the start of 2026: the S&P 500 gained approximately 1% in the first week, while investors anticipate the upcoming earnings season and critical macro data. Notable events of the day include the quarterly report from the Indian retail chain DMart (Avenue Supermarts). Meanwhile, markets are focused on fundamental trends: conditions in the US labor market, inflation dynamics in the global economy, and the prospects of monetary policy from central banks.
USA: Labor Market and Inflation
- It is expected that the US will create around 60,000 jobs in December, with unemployment decreasing to 4.5%. These figures reflect a “no hire, no fire” stance in the labor market, boosting confidence in the Fed's pause on interest rate hikes.
- The growth rate of average hourly wages is slowing, which eases inflationary pressures. However, investors are keeping a close watch on December's CPI and core inflation, set to be released early next week, as they will be key triggers for the dollar and yields.
- US stock indices continue to reach new highs: the S&P 500 is at record levels. Market support comes from optimism regarding corporate profits and easing monetary policy. However, a sharp increase in yields could trigger a correction in the tech sector and raise funding costs.
Asia: China and Japan
- China: According to a partial survey by S&P Global, the services sector's business activity index in China 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 stimulus measures from the People's Bank of China. This puts pressure on global commodity prices and emerging markets.
- Japan: Real household income in November dropped by 2.8% year-on-year — the sharpest decline in a year. The decline is attributed to a significant reduction in one-time bonuses; nominal wage growth was only about 0.5%. Meanwhile, Japan's annual inflation stands at 3.3%, which is considerably above income growth. This trend restrains consumer spending and compels the Bank of Japan to prepare for a gradual tightening of its monetary policy.
Europe: Germany and Eurozone
- Germany: An unexpected decline in exports in November by 2.5% year-on-year signals continued weakness in external demand. The downturn is due to reduced shipments to the EU and the US. On the other hand, industrial production grew by 0.8% in November — the third consecutive monthly increase. This indicates the beginning of stabilization in domestic demand and possibly a softening of the decline in industry.
- Market Implications: Positive data on German manufacturing supports industrial stocks (DAX, Euro Stoxx 50) and the euro. However, should the statistics disappoint, cautious sentiment may return to European exchanges, causing investors to shift to bonds and gold, while expectations of an easing ECB policy may heighten.
Corporate Earnings: DMart and Banking Season
Saturday has a rather modest corporate calendar — except for India. Major companies in the US, Europe, and Russia are not releasing their earnings reports. The focus is on retailer DMart (Avenue Supermarts), which will present financial results for Q3 FY 2025/26 (October–December).
- Avenue Supermarts (DMart, India): Analysts forecast that the chain's revenue for Q3 2025/26 will increase by approximately 13% year-on-year (to around ₹17,613 crore). Net profit is expected to show moderate growth, but the operating margin will decrease due to rising logistics and trade costs. Investors will closely monitor comparable sales (same-store sales) dynamics and management's comments regarding pricing strategy and network expansion.
- US Financial Sector: The earnings season for Q4 begins next week — major US banks (JP Morgan, Citigroup, Bank of America, Goldman Sachs, among others) will disclose results from Tuesday to Thursday. These reports will provide insights into credit activity and consumer spending conditions in the economy.
Indices and Markets: S&P 500, Euro Stoxx 50, Nikkei 225, MOEX
- S&P 500 (USA): The index has confidently commenced the year and is at historical highs. Given the expected growth in corporate profits and support from loose monetary policy, investors remain bullish. The key factors continue to be fundamental data: US inflation releases and bank results.
- Euro Stoxx 50 (Eurozone): The index is influenced by the macro calendar. Improvement in German industry bolsters investor confidence, but slowing exports create uncertainty. The Eurozone is sensitive to currency dynamics (EUR/USD exchange rate) and ECB decisions; any negative external factors could lead to corrections in European markets.
- Nikkei 225 (Japan): The index continues to rise amid optimism regarding economic recovery and a strengthening yen. However, the market is fundamentally limited by weak real income growth and cautious policies from the Bank of Japan. Reports from Japanese companies, which started at the end of the week (e.g., Yaskawa Electric), set the tone for the local market.
- MOEX (Russia): The index is influenced by external factors — primarily oil prices and geopolitical risks. The ruble remains stable at around ~100 rub/$, with oil holding steady above $60/barrel. In the coming days, investors will monitor the dynamics of budgeted oil revenues (expected to reach a minimum level in three years in January) and the Central Bank's actions in response to external shocks.
Day's Summary: What Investors Should Watch For
- US Labor Market: The key trigger will be the employment and unemployment data. Their release will determine the dynamics of yields and the dollar. A lower job growth figure will support the Fed's dovish scenario, while an acceleration in hiring and wages could lead to hawkish pressure on assets.
- China and Commodity Markets: Weakening domestic demand in China threatens resource price growth. Investors should watch for 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 Eurozone growth. Strong data will help strengthen the EUR/USD and support Euro Stoxx 50 stocks, while weak data will heighten expectations for an ECB policy easing and boost euro-denominated bonds.
- Corporate Earnings: The results from DMart will provide insights into consumer demand in emerging markets. Following that, the reports from US banks will be critical in assessing asset quality and the credit cycle. Reflecting these trends in companies' financial indicators will assist in portfolio adjustments.
- Risk Management: In light of the release of important macro data and a busy earnings schedule, increased volatility is anticipated. It is recommended to identify risk levels in advance, diversify portfolios, and use hedging tools (currency and interest rate derivatives) to protect savings.
