Global markets step into the first full trading week of 2026 with a surge in economic data releases, as investors look beyond the holiday lull for early signals on growth, inflation, and central bank policy. With trading volumes returning to normal, a series of high-impact indicators across major economies is expected to shape market direction at the start of the year.

In the US, attention will be firmly on December labor market data, led by the nonfarm payrolls report, ADP employment figures, and JOLTS job openings. Markets will assess whether hiring momentum is cooling further, with payroll growth expected to slow and unemployment seen edging lower. Wage data will be closely watched for signs that inflation pressures remain sticky. Alongside labor data, ISM manufacturing and services PMIs and the University of Michigan consumer sentiment survey will offer insights into business activity and household confidence. Comments from Federal Reserve officials may also influence expectations following last month’s rate cut.

Europe’s focus will be on preliminary inflation readings across the Euro Area and its largest economies, including Germany, France, and Italy. While inflation is expected to remain broadly stable, Germany’s print is seen easing, reinforcing expectations of a gradual disinflation trend. Unemployment data, factory orders, retail sales, and manufacturing PMIs will provide additional clarity on the region’s economic resilience amid weak industrial activity.

In Asia-Pacific, China’s PMI and inflation data will be closely monitored for signs of sustained recovery under ongoing policy support. India is set to release its FY26 GDP estimates, offering a key snapshot of growth momentum. Japan’s earnings data, along with inflation, trade, and employment indicators from Australia and Southeast Asia, will round out a busy week that sets the tone for global markets early in 2026.

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