Next Week's Macro Outlook: Trump Returns to Davos After Six Years, Bank of Japan Rate Decision Imminent

Monday:
Trump leads a delegation to attend the World Economic Forum Annual Meeting in Davos;
China's full-year 2025 GDP growth rate, Q4 GDP annualized rate, and total GDP for the year released;

Wednesday:
ECB President Lagarde and BlackRock CEO Fink attend a discussion at the World Economic Forum;
Trump delivers a speech on "How We Can Cooperate in a More Competitive World" at the WEF Annual Meeting;

Thursday:
ECB releases December monetary policy meeting minutes;
US initial jobless claims for the week ending January 17;
US November core PCE price index, personal consumption expenditures monthly rate;
US Q3 real GDP, final annualized core PCE price index, and final quarterly rate of real personal consumption expenditures;

Friday:
Japan December core CPI annual rate;
Bank of Japan rate decision and economic outlook report by January 23, and Ueda Haruhiko holds a press conference on monetary policy;
US January University of Michigan Consumer Sentiment Index final value, and US January 1-year inflation expectations final value.

Market Holiday Reminder: US markets will be closed on Monday (January 19) in observance of Martin Luther King Jr. Day.