The Federal Reserve remains on hold! When will the rate cut window reopen?
Weekly Outlook | Nonfarm Payrolls Report Due Friday! May Shake Up Market Rate-Cut Expectations; Palantir, Google, Amazon and Other Companies to Release Earnings; Montage Technology to Begin Grey Market Trading on Friday
Key Schedule Highlights
CME Sharply Increases Margin Requirements for Gold and Silver; Caution Needed Over Liquidity Risks Triggered by Strong Deleveraging in the Precious Metals Market
CME Again Sharply Raises Margin Requirements for Precious Metals Futures: Gold Margin Rate Increases from 6% to 8%, Silver from 11% to 15%; New Rules Effective After Market Close Next Monday.
This adjustment follows the previous reform of the 'floating margin' mechanism, highlighting the exchange's intention to accelerate deleveraging and risk control amid extreme volatility.Market fears a repeat of historical scenarios where 'exchange interventions lead to crashes,' as seen in 1980 or 2011.
The US will release nonfarm payrolls data on Friday.
The January nonfarm payrolls report will be released on Friday, February 6.The market expects an increase of about 60,000 to 80,000 jobs.However, Bloomberg Economics warns that actual growth may unexpectedly weaken due to adjustments in statistical methods, forecasting only around 15,000 new jobs, with an unemployment rate of approximately 4.4%. If the data is weak, it could again spark market speculation about rate cuts. Additionally, the ADP Employment Report for January in the US will also be released on February 4.
Michael Reynolds, Vice President of Investment Strategy at Glenmede, stated: "Due to last year's U.S. government shutdown, we have lacked a clear observation of the labor market and inflation conditions, so the upcoming data may be more important than usual."
ING Groep economist James Knightley said in a report: "The market remains cautious about the trend in the job market and has not been swayed by the Fed's relatively optimistic stance,and is still pricing in expectations of two 25-basis-point interest rate cuts this year.”
Earnings season is in full swing for major U.S. tech stocks, with Palantir, AMD, Google, Qualcomm, and Amazon set to release their results one after another.
In the coming week,$Palantir (PLTR.US)$、$Advanced Micro Devices (AMD.US)$、$Alphabet (GOOGL.US)$、$Qualcomm (QCOM.US)$、$Amazon (AMZN.US)$high-profile tech stocks will announce their earnings, with investors focusing on the results and capital expenditure plans of two AI-focused tech giants—Google and Amazon.TD Wealth Chief Investment Strategist Sid Vaidya said: "Although the market's reaction to some major earnings reports has been mixed, one thing has been confirmed—the capital spending on building AI infrastructure will not slow down."
Additionally, investors may also want to keep an eye on$迪士尼 (DIS.US)$、$诺和诺德 (NVO.US)$、$礼来 (LLY.US)$、$Strategy (MSTR.US)$the earnings reports of other companies.
According to IBES data from LSEG (Refinitiv), out of 166 companies in the$S&P 500 Index (.SPX.US)$index that have reported earnings as of Friday, 76.5% posted earnings above analyst expectations, nearly consistent with the 78% average over the previous four quarters. Fourth-quarter earnings are expected to grow 10.9% compared to the same period last year.
Montes Technology, Dongpeng Beverages, Muyuan Shares and other Hong Kong new stocks will start grey market trading
Next week, multiple Hong Kong new stocks will start grey market trading and be listed, including$东鹏饮料 (09980.HK)$Grey market trading starts on Monday, with listing on Tuesday;$牧原股份 (02714.HK)$、$大族数控 (03200.HK)$Grey market trading starts on Thursday, with listing on Friday;$澜起科技 (06809.HK)$Grey market trading starts on Friday.
Key earnings calendar for the new week
![Key Schedule Highlights CME Sharply Increases Margin Requirements for Gold and Silver; Caution Needed Over Liquidity Risks Triggered by Strong Deleveraging in the Precious Metals Market CME Again Sharply Raises Margin Requirements for Precious Metals Futures: Gold Margin Rate Increases from 6% to 8%, Silver from 11% to 15%; New Rules Effective After Market Close Next Monday. This adjustment follows the previous reform of the 'floating margin' mechanism, highlighting the exchange's intention to accelerate deleveraging and risk control amid extreme volatility.Market fears a repeat of historical scenarios where 'exchange interventions lead to crashes,' as seen in 1980 or 2011. Further Reading:[Share Link: After the historic crash, CME once again raised the trading margins for gold and silver] The US will release nonfarm payrolls data on Friday. The January nonfarm payrolls report will be released on Friday, February 6.The market expects an increase of about 60,000 to 80,000 jobs.However, Bloomberg Economics warns that actual growth may unexpectedly weaken due to adjustments in statistical methods, forecasting only around 15,000 new jobs, with an unemployment rate of approximately 4.4%. If the data is weak, it could again spark market speculation about rate cuts. Additionally, the ADP Employment Report for January in the US will also be released on February 4. Michael Reynolds, Vice President of Investment Strategy at Glenmede, stated: 'Due to last year's US government shutdown, we have lacked a clear view of the labor market and inflation conditions. Therefore, the upcoming data may be more significant than...'](https://nnqimage.futunn.com/sns_client_feed/900104/20260201/1c6b1ccfe6c2f8e39e36930aef523ae8.webp/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
Monday (February 2)
Keywords: US ISM Manufacturing PMI, Palantir earnings, Dongpeng Beverages grey market
In terms of economic data,China will release the January RatingDog Manufacturing PMI at 9:45 AM, in additionThe US will announce the January ISM Manufacturing PMI at 23:00.
In terms of financial events,The Bank of Japan will release the summary of opinions from the January monetary policy meeting's deliberative committee members.
In terms of earnings,$迪士尼 (DIS.US)$will announce its earnings before the US stock market opens,In addition,$Palantir (PLTR.US)$and$NXP Semiconductors (NXPI.US)$will announce earnings after the US stock market closes.
Tuesday (February 3rd)
Keywords: Pfizer/Super Micro Computer/AMD earnings
In terms of earnings,$PayPal (PYPL.US)$、$Pfizer (PFE.US)$will announce earnings before the US stock market opens,and$Advanced Micro Devices (AMD.US)$、$Super Micro Computer (SMCI.US)$will announce earnings after the US stock market closes.
In terms of new stocks,$Guoen Technology (02768.HK)$Will kick off gray market trading. In addition,$Eastroc Beverage (09980.HK)$Will be listed on the Hong Kong Stock Exchange.
Wednesday (February 4th)
Keywords: US ADP employment numbers, Google/Qualcomm/Arm/Novo-Nordisk A/S/Eli Lilly and Co earnings
In terms of economic data,China will announce the January RatingDog Services PMI at 9:45 AM. Additionally,The US will release January ADP employment figures at 9:15 PM and the January ISM Non-Manufacturing PMI at 11:00 PM.
In terms of earnings,$Novo-Nordisk A/S (NVO.US)$、$Eli Lilly and Co (LLY.US)$、Uber Technologies (UBER.US)Will report earnings before the US stock market opens. Additionally,$Alphabet (GOOGL.US)$、$Qualcomm (QCOM.US)$、$Arm Holdings (ARM.US)$will announce earnings after the US stock market closes.
Thursday (February 5th)
Keywords: US initial jobless claims, ECB interest rate decision, Amazon earnings, Muyuan Shares/DaZu Numerical Control grey market
In terms of economic data,The US will release the weekly initial jobless claims at 21:30.
In terms of financial events,The European Central Bank will announce its interest rate decision.
In terms of earnings,$Strategy (MSTR.US)$、IREN Ltd (IREN.US)and$Amazon (AMZN.US)$will announce earnings after the US stock market closes.
In terms of new stocks,Muyuan Shares (02714.HK)、Zhuozheng Medical (02677.HK)、Dahua CNC (03200.HK)will start grey market trading.
Friday (February 6th)
Keywords: US non-farm payrolls/initial University of Michigan consumer sentiment index, Montage Technology grey market
In terms of economic data, the US will release non-farm payrolls and unemployment rate at 21:30.In addition, the preliminary University of Michigan Consumer Sentiment Index will be released at 23:00.
In terms of new stocks,Montage Technology (06809.HK)will start grey market trading.In addition,Muyuan Shares (02714.HK)、Zhuozheng Medical (02677.HK)、Dahua CNC (03200.HK)Will be listed on the Hong Kong Stock Exchange.
Stay ahead on major financial events and discover investment opportunities early! Open Futubull > Market > US Stocks > Financial Calendar/Selected Macroeconomic Data to seize the first-mover advantage in investing!
![Key Schedule Highlights CME Sharply Increases Margin Requirements for Gold and Silver; Caution Needed Over Liquidity Risks Triggered by Strong Deleveraging in the Precious Metals Market CME Again Sharply Raises Margin Requirements for Precious Metals Futures: Gold Margin Rate Increases from 6% to 8%, Silver from 11% to 15%; New Rules Effective After Market Close Next Monday. This adjustment follows the previous reform of the 'floating margin' mechanism, highlighting the exchange's intention to accelerate deleveraging and risk control amid extreme volatility.Market fears a repeat of historical scenarios where 'exchange interventions lead to crashes,' as seen in 1980 or 2011. Further Reading:[Share Link: After the historic crash, CME once again raised the trading margins for gold and silver] The US will release nonfarm payrolls data on Friday. The January nonfarm payrolls report will be released on Friday, February 6.The market expects an increase of about 60,000 to 80,000 jobs.However, Bloomberg Economics warns that actual growth may unexpectedly weaken due to adjustments in statistical methods, forecasting only around 15,000 new jobs, with an unemployment rate of approximately 4.4%. If the data is weak, it could again spark market speculation about rate cuts. Additionally, the ADP Employment Report for January in the US will also be released on February 4. Michael Reynolds, Vice President of Investment Strategy at Glenmede, stated: 'Due to last year's US government shutdown, we have lacked a clear view of the labor market and inflation conditions. Therefore, the upcoming data may be more significant than...'](https://nnqimage.futunn.com/sns_client_feed/900104/20260201/5677349b6462bc0a745c82145030df61.webp/big?area=1&is_public=true&imageMogr2/ignore-error/1/format/webp)
A new week begins, wishing all fellow investors successful investments!
Risk Disclaimer: The above content only represents the author's view. It does not represent any position or investment advice of Futu. Futu makes no representation or warranty.Read more
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