Key Economic Events and Corporate Reports for Thursday, 15 January 2026: UK and German GDP, ECB Bulletin, US Data and Reports from Major Public Companies Worldwide. An Analytical Review for Investors.
On Thursday, 15 January 2026, global markets remain in the spotlight for investors: a range of important economic publications and corporate reports are anticipated. According to Reuters, major stock indices reached record highs as market participants ignored geopolitical risks and volatility in precious metal markets. However, data such as the US Producer Price Index (PPI) could alter expectations regarding the Federal Reserve's interest rate trajectory. Below is an overview of key events and reports for 15 January 2026.
Macroeconomic Calendar (MSK):
- 10:00 – United Kingdom: GDP (November 2025).
- 12:00 – Eurozone: ECB Economic Bulletin.
- 12:00 – Germany: GDP for 2025 (press conference).
- 13:00 – Eurozone: Industrial Production (November 2025).
- 13:00 – Eurozone: Trade Balance (November 2025).
- 16:30 – United States: Initial Jobless Claims.
- 16:30 – United States: Empire State Manufacturing Index (January).
- 16:30 – United States: Philadelphia Fed Manufacturing Index (January).
- 18:30 – United States: Weekly Natural Gas Inventories (EIA).
United Kingdom: GDP (November)
At 10:00 MSK, the Office for National Statistics (ONS) will release preliminary GDP growth data for November 2025. This figure will provide insight into whether the economic slowdown observed after weak autumn performance is continuing. Investors will compare the figures to economists' forecasts: a lower-than-expected GDP growth may heighten concerns of stagnation in the UK economy and weaken the pound, while a figure exceeding expectations could enhance optimism.
Eurozone: ECB Bulletin, Industry and Trade
At 12:00 MSK, the European Central Bank will publish the February Economic Bulletin (Issue 8, 2026), which will include new macroeconomic forecasts and inflation assessments for the Eurozone. Concurrently, Eurostat will announce data on industrial production and trade balance for November 2025. An acceleration in production growth and a trade surplus would indicate a revival in demand within the EU economy, while an unexpected decline would signal continued weakness. All these figures are crucial for understanding the conditions of the largest part of Europe heading into the winter period.
Germany: GDP for 2025
At 12:00 MSK, the Federal Statistical Office Destatis will hold a press conference to publish the preliminary figure for Germany's annual GDP for 2025. This is a key indicator for Europe's largest economy. If the actual growth is weaker than expected, it may increase pressure on the euro and heighten investor caution. Conversely, a stronger-than-anticipated outcome will push the euro higher and bolster risk appetite in the region.
United States: Unemployment and Empire/Philadelphia Indexes
At 16:30 MSK, the US Department of Labour will publish the weekly report on initial jobless claims. A low reading for this indicator will suggest a “healthy” labour market, while a sharp increase will indicate a potential deterioration in conditions. Additionally, regional manufacturing indexes for Empire (New York) and Philadelphia Fed will be released at the same time. The values of these indexes reflect growth rates in industry: a reading above 50 points indicates expansion, while below 50 indicates contraction. The dynamics of these data will give insight into business sentiment at the start of the year.
At 18:30 MSK, the US Energy Information Administration (EIA) will release its report on weekly natural gas inventories. The levels of inventories impact energy prices: a decrease typically raises gas prices, whereas an increase lowers fuel costs. Investors closely monitor this statistic to assess its influence on the energy sector and the overall inflation level.
Corporate Earnings: Before Market Open (BMO)
- Amphenol (APH): A manufacturer of electronic connectors for aviation and automotive industries. Investors will evaluate revenue growth driven by demand in these sectors, with a key focus on operational margins, as rising costs may constrain profits.
- GE Vernova (GEV): The energy division of General Electric. The report will reflect the demand for turbines and equipment for both traditional and green energy sectors. An increase in industrial equipment orders would indicate a revival in infrastructure investments.
- BlackRock (BLK): The largest global asset manager. Investors will be interested in net inflows into funds: inflows into equities signal risk optimism, while inflows into bonds indicate caution. Changes in assets under management will signal market sentiments.
- Goldman Sachs (GS): An investment bank from the "big four" in the US. The main focus will be on commission income from deals and investment banking. The dynamics of net interest income amid high rates will also be important, as growth here could significantly boost bank profits.
- Morgan Stanley (MS): A major investment bank. Investors will analyse the results of brokerage and trading businesses: market volatility at the end of the year may have generated additional revenue for the bank. Rising rates have also impacted net interest income. Projections for credit activity and the IPO market are essential for sector evaluation.
- Taiwan Semiconductor (TSM): A leading global manufacturer of microchips. TSMC's report reflects semiconductor demand: an increase in orders for chips for smartphones and data centres would indicate resilience in the technology sector, while weak results would signal a cooling demand.
Corporate Earnings: After Market Close (AMC)
In the evening of 15 January, no significant corporate reports are expected. Most major companies have already released results or postponed publications to subsequent days. Consequently, after the closure of the main trading sessions, global markets will primarily react to macroeconomic news rather than new corporate information.
Global Indices: S&P 500, Euro Stoxx 50, Nikkei 225, MOEX
S&P 500 (USA): The market continues to set historical highs. As of 15 January, investor attention is focused on data related to inflation (PPI) and consumer sales. Moderate PPI figures and strong banking reports will support a bullish sentiment, while unexpectedly high inflation could trigger a sell-off due to concerns of tighter Fed policy.
Euro Stoxx 50 (Europe): Leading European companies have no specific drivers for the day, hence the index reacts to the global backdrop. Signals will come from the US and China. Strengthening Chinese exports and increased demand in the US could support the EU industrial sector, while negative statistics would weaken risk appetite.
Nikkei 225 (Japan): On 15 January, no key corporate reports are expected in Tokyo, thus the market is guided by global trends. The yen's exchange rate continues to influence exporters: a weaker yen supports manufacturers' profits, whereas a stronger yen constrains stock growth. News from the US and Asia will determine Japanese investors' sentiment.
MOEX (Russia): On the Moscow Exchange on 15 January, energy prices and the exchange rate of the rouble dominate. With no major corporate reports published, strong macro signals from the US and China (supportive of risk) will stimulate rouble assets, while negative signals will limit market growth.
In conclusion: the combination of macro data and corporate reports on 15 January will serve as a barometer for the market’s “health”. Particular attention should be paid to inflation and trade dynamics: weak PPI and positive corporate reports will bolster optimism, whereas contrary signals will force a reassessment of risks ahead of upcoming decisions by the Fed and ECB.
