Key Data and Central Bank Moves
Next week brings a series of major events for global markets. The Federal Reserve will release the minutes from its January policy meeting at 3:00 AM on Thursday, offering insights into the potential rate cut path in 2026. Investors will closely watch the release of the US Q4 GDP and core PCE price index at 9:30 PM on Friday — a key inflation gauge for the Fed. Higher-than-expected readings could affect the pace of monetary easing later this year.
On the central bank front, several Fed officials will speak publicly, while the Reserve Bank of Australia will publish its latest meeting minutes and the Reserve Bank of New Zealand will announce its interest rate decision. Market consensus expects the RBNZ to hold rates steady, while the RBA may highlight rising inflationary risks.
Asset Movements and Market Drivers
Gold prices remain volatile, bouncing back after a sharp drop earlier in the week. Oil prices surged before retreating, amid rumors that OPEC+ might resume output increases in April. The US dollar remains a critical variable — if it avoids new lows, it could stay relatively strong ahead of key policy decisions. Rising demand for US Treasuries may also trigger a fresh round of asset reallocation.
High-Stakes Legal and Policy Developments
The US Supreme Court is scheduled to issue a major ruling on February 20, including a decision that could influence trade policy. A negative outcome could significantly impact related measures, sending ripples through global trade and investor sentiment.
Corporate Updates and Earnings Wrap-Up
Earnings season is winding down, with retail giant Walmart set to report its Q4 fiscal results. Investors will focus on metrics such as e-commerce growth, AI adoption, and the impact of policy changes. The company's guidance may shape market sentiment across the retail sector and beyond.