The Day Ahead

Refinitiv

COMING UP - WEEK AHEAD

• U.S. Economic Front:
  • Friday: January employment report (nonfarm payrolls, private payroll growth, unemployment rate, average hourly earnings).
  • Tuesday: December Job Openings and Labor Turnover Survey (JOLTS).
  • Wednesday: January ADP National Employment Report, final S&P Global composite and services PMI, ISM non-manufacturing PMI.
  • Thursday: Initial jobless claims (week ended Jan 31), continuing claims (week ended Jan 24).
  • Rounding out the week: February University of Michigan’s preliminary Consumer Sentiment Index.
• Corporate Earnings (Q4):
  • Wednesday (after market): Alphabet, Amazon.
  • Tuesday (before bell): Pfizer (2026 guidance, COVID revenue, drug pricing impact), Merck.
  • Wednesday (before bell): Eli Lilly (weight-loss pipeline, 2026 outlook, Alzheimer’s portfolio, drug pricing).
  • Thursday: Bristol Myers Squibb (Opdivo, Eliquis performance).
  • Wednesday: AbbVie (Skyrizi, Rinvoq performance, Humira sales erosion impact).

U.S. TOP NEWS

• President Trump taps former Fed Governor Kevin Warsh to head the U.S. central bank.
• Exxon Mobil beats Q4 earnings target with high oil production from Permian and Guyana.
• Chevron beats Q4 profit estimates, focusing on cost cuts and efficiency.
• American Express projects upbeat 2026 profit due to resilient affluent customer spending.
• Verizon forecasts upbeat annual profit and free cash flow after highest quarterly wireless subscriber additions in six years.

MARKET RECAP AT 4 pm ET

• Wall Street fell as investors reacted to Trump's choice of Kevin Warsh for Fed chair.
• Long-dated Treasury yields rose after the announcement.
• Gold weakened sharply while the dollar strengthened.
• Brent crude prices dipped, supported by U.S.-Iran tensions.