Key Economic Events and Corporate Reports for Saturday, 10 January 2026. Overview of Global Markets, Macroeconomics, and Public Companies in the US, Europe, Asia, and Russia. What Investors Should Pay Attention To.
Saturday, 10 January—traditionally a day off for global stock markets. Key indices in the US, Europe, and Asia have shown positive dynamics at the start of 2026: the S&P 500 has risen approximately 1% over the first week, with investors anticipating the impending start of the earnings season and important macroeconomic data. Notable events for the day include the publication of quarterly results from the Indian retail chain DMart (Avenue Supermarts). Meanwhile, markets are focused on fundamental trends: the state of the US labour market, inflation dynamics in the global economy, and the outlook for monetary policy from central banks.
US: Labour Market and Inflation
- It is expected that the US will create around 60,000 jobs in December, with unemployment expected to fall to 4.5%. These figures reflect a 'no hire, no fire' stance in the labour market and bolster confidence in the Fed's pause on interest rate hikes.
- The growth of average hourly wages is slowing, easing inflationary pressures. However, investors are closely monitoring the December CPI and core inflation data, which will be released early next week and are expected to serve as key triggers for the dollar and yields.
- US equity indices continue to reach new highs: the S&P 500 is at record levels. Market support stems from optimism about corporate earnings and a dovish monetary policy. Nevertheless, a sharp rise in yields could prompt a correction in the technology sector and increase funding costs.
Asia: China and Japan
- China: According to a partial survey by S&P Global, the business activity index for China's services sector fell to 52.0 in December (a six-month low). Weak domestic demand and a decline in export orders heighten deflationary risks, increasing expectations for new stimulus measures from the People's Bank of China. This exerts downward pressure on global commodity prices and emerging markets.
- Japan: Real income for households fell by 2.8% year-on-year in November—the sharpest decline in a year. This decline is attributed to a significant reduction in one-time bonuses, with nominal wage growth at only about 0.5%. Meanwhile, annual inflation in Japan stands at 3.3%, significantly outpacing income growth. Such dynamics are restraining consumer spending and forcing the Bank of Japan to prepare for a gradual tightening of policy.
Europe: Germany and the Eurozone
- Germany: An unexpected export decline in November of 2.5% year-on-year signals continuing weakness in external demand. The decrease is attributed to reduced shipments to EU and US countries. Conversely, industrial production rose by 0.8% in November—a third consecutive monthly increase. This indicates the start of a stabilisation in domestic demand and potentially mitigated industrial decline.
- Market Impact: Strong production data from Germany supports stocks in the industrial sector (DAX, Euro Stoxx 50) and the euro. However, should the statistics disappoint, cautious sentiments may return to European exchanges: investors could shift towards bonds and gold, and expectations for a dovish ECB policy may strengthen.
Corporate Reporting: DMart and Banking Season
Saturday presents a rather modest corporate calendar—except for India. Major companies from the US, Europe, and Russia are not releasing reports. The focus will be on retailer DMart (Avenue Supermarts), which will present financial results for Q3 of the 2025/26 fiscal year (October–December).
- Avenue Supermarts (DMart, India): According to analysts’ forecasts, the chain's revenue for Q3 2025/26 is expected to grow by approximately 13% year-on-year (to approximately ₹17,613 crore). Net profit is anticipated to witness moderate growth; however, operating margins are set to contract due to rising logistics and trading costs. Investors will closely monitor the dynamics of same-store sales and management's commentary on pricing strategy and network expansion.
- US Financial Sector: The earnings season for Q4 kicks off next week—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 consumer spending conditions in the economy.
Indices and Markets: S&P 500, Euro Stoxx 50, Nikkei 225, MOEX
- S&P 500 (US): has made a confident start to the year and is at historical highs. Given the anticipated growth in corporate earnings and support from gentle monetary policy, investors are inclined to maintain a 'bullish' sentiment. Fundamental data remain key: US inflation reports and bank earnings.
- Euro Stoxx 50 (Eurozone): is influenced by the macro calendar. Improvement in German industry boosts investor confidence, but the slowdown in exports creates uncertainty. The Eurozone is sensitive to currency dynamics (EUR/USD exchange rate) and the ECB's decisions; any negative developments in external conditions could lead to a correction in European markets.
- Nikkei 225 (Japan): continues to grow amidst optimism about economic recovery and a strengthening yen. However, fundamentally, the market is constrained by sluggish growth in real incomes and the cautious policy from the Bank of Japan. Reports from Japanese companies, beginning at the end of the week (for example, Yaskawa Electric), will set the tone for the local market.
- MOEX (Russia): is influenced by external factors—primarily oil prices and geopolitical risks. The rouble remains stable at approximately 100 rubles/$, while oil prices hold above $60 per barrel. In the coming days, investors will track the dynamics of budgetary oil revenues (expected to hit a three-year low in January) and actions from the Central Bank in response to external shocks.
Summary of the Day: What Investors Should Look Out For
- US Labour Market: A key trigger—employment and unemployment data. Their release will determine yields and dollar dynamics. A subdued job gain would support a 'dovish' scenario for the Fed, while acceleration in hiring and wages would exert 'hawkish' pressure on assets.
- China and Commodity Markets: Weakening domestic demand activity in China poses a threat to resource price increases. Investors should watch for signals of stimulus that may soon be announced by the authorities, as well as the influence of Chinese statistics on emerging markets.
- Europe: Germany's industrial production index will validate or refute hopes for Eurozone growth. Strong data will help the EUR/USD strengthen and support Euro Stoxx 50 stocks, while weak outcomes will heighten expectations for ECB policy easing and bolster euro-denominated bonds.
- Corporate Reports: The release of DMart’s results will provide insights into consumer demand in emerging markets. Following this, the reports from US banks will dictate assessments of asset quality and the credit cycle. The reflection of these trends in companies' financial results will assist in portfolio adjustments.
- Risk Management: In light of forthcoming significant macro data and a busy reporting calendar, volatility is expected to increase. It is recommended to predefine risk levels, diversify portfolios, and use hedging instruments (currency and interest rate derivatives) to safeguard savings.
