Next week, global markets are set to experience a 'data bombardment,' with several significant economic reports and policy decisions scheduled. According to BlockBeats, the Federal Reserve will release the minutes of its January monetary policy meeting on Thursday at 03:00 UTC+8, providing insights into the potential interest rate cut path for 2026. On Friday at 21:30 UTC+8, the initial U.S. GDP figures for the fourth quarter and the core PCE price index will be announced. As the Fed's preferred inflation measure, a higher-than-expected PCE reading could influence the pace of policy easing this year.
Central banks will also be in focus, with multiple Federal Reserve officials set to speak, the Reserve Bank of Australia releasing its meeting minutes, and the Reserve Bank of New Zealand announcing its rate decision. The market generally anticipates that the New Zealand central bank will maintain its current stance, while the Australian central bank may emphasize inflationary pressures.
In terms of asset performance, spot gold remains volatile at high levels, having rebounded after a significant drop earlier in the week. Oil prices have surged and then retreated, amid speculation that OPEC+ might resume production increases in April. The U.S. dollar's movement is a critical factor; if it does not hit new lows, it may remain relatively strong, especially as tariff rulings approach. Meanwhile, demand for U.S. Treasury bonds is rising, potentially triggering a new wave of asset reallocation.
A major event on the horizon is the Supreme Court of the United States' opinion release on February 20, which includes a ruling on U.S. President Donald Trump's 'Liberation Day' tariff policy. An unfavorable decision could significantly impact these tariff measures, affecting global trade and market sentiment.
On the corporate front, the earnings season is nearing its end. Walmart is set to announce its fourth-quarter fiscal results, with the market closely watching key indicators such as e-commerce growth, AI applications, and tariff impacts. Walmart's guidance could have a substantial effect on retail and overall market sentiment.
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