Summary

All major indices show reasonable gains worldwide. The Nikkei sees an over 5% increase driven by a snap election called by PM Sanae Takaichi, on which investors are betting big on her market-friendly policies. Rare earth minerals continue to post record gains amid global uncertainty. Major U.S. banks show mixed earnings results, pausing their record-breaking 2025. Large European indices take a major hit as the issue of Greenland, raised by the Trump Administration, resurfaces.

Index Performance

Europe

FTSE 100: +2.84%

FTSE 250: +4.04%

CAC 40: +0.13%

DAX: +2.48%

EURO STOXX 50: +2.84%

Asia

SSE: +2.90%

Hang Seng: +1.85%

Nikkei: +5.72%

KOSPI: 10.38%

North America

Dow Jones: +1.88%

NASDAQ: +0.23%

S&P 500: +0.69%

Oceania

ASX 200: +2.04%

Events

Micron Momentum shares skyrocket due to a surge in AI-driven memory demand.

Aliminimum moves past $3,000 per ton for the first time since 2022.

Taiwan Semiconductor Manufacturing jumps as Goldman Sachs raises its price target by 30%.

The analysis projects Gold’s price targets to range from $4,000 to $5,000, driven by central bank demand and ongoing global uncertainty.

Novo Nordisk launches the first GLP-1 pill for weight loss in the USA.

Copper surged past $13,000 a ton for the first time, driven by the need to ship metal to the USA amid Donald Trump’s tariff threat.

Chevron’s share price increases as it is seen as the biggest beneficiary of Trump’s rebuilding of Venezuela’s oil industry.

OneStream Inc.’s share price catapults 29% after announcing it will be acquired by Hg in an all-cash deal valued at $6.4 billion.

European defence stocks progress into the green after Denmark pledges $13.8 billion to rearm Greenland.

After Trump called for the U.S. to increase its defence budget to $1.5 trillion in 2027.

Japan’s Nikkei surges 3.4% as snap election hopes boosted sentiment.

U.S. bank stocks slide after Donald Trump called for a 10% cap on credit card interest rates for 1 year.

Moderna Inc shares are up over 16% after CEO Stephane Bancel projected 2025 sales of around $1.9 billion.

Upcoming Events (Times in GMT)

January 22^nd: Turkey Central Bank Interest Rate Decision.11:00

January 26^th: South Korea Gross Domestic Product Growth (QoQ) and (YoY) 23:00

January 28^th: Fed Interest Rate Decision 19:00

January 29^th: Spain Gross Domestic Product Estimated (QoQ) and (YoY) 8:00

                Belgium Gross Domestic Product (QoQ) 10:00

                South African Central Bank Decision 13:00

                USA Gross Domestic Product Annualised 13:30

                USA Gross Domestic Product Price Index 13:30

January 30^th: Saudi Arabia Gross Domestic Product (YoY) 6:00

                Germany Gross Domestic Product (QoQ) and (YoY) 7:00

                France Gross Domestic Product (QoQ) 7:45

                Austria Gross Domestic Product (QoQ) 8:00

                Czechia Gross Domestic Product (YoY) 8:00

                Italy Gross Domestic Product (QoQ) and (YoY) 9:00

                Portugal Gross Domestic Product (QoQ) and (YoY) 9:30

                EU Gross Domestic Product (QoQ) and (YoY) 10:00

                Mexico Gross Domestic Product (QoQ) and (YoY) 12:00

                Canada Gross Domestic Product (MoM) 13:30

Dividend Payments for Major Companies

January 20^th: Bank OZK ($0.46)

January 21^st: Prospect Capital Corp ($0.04)

January 23^rd: Bank of China (HK$0.12)

January 26^th: Canadian Pacific Railway ($0.17)

January 28^th: Agilent Technologies Inc ($0.26)

January 29^th: Marvell Technology Group ($0.06)

January 30^th: EOG Resources Inc ($1.02), Dell Technologies Inc ($0.53), Stryker Corp ($0.88), and Globe Life Inc ($0.27).

Earnings of Major Companies

January 20^th: Netflix, Interactive Brokers Group, United Airlines Holdings, and Bank OZK.

January 21^st: John and Johnson, Citizens Financial Group, and CACI International Inc.

January 22^nd: Intel, Freeport-McMoRan Inc, Mobileye Global Inc, Procter & Gamble Co and East West Bancorp.

January 23^rd: SLB.

January 26^th: AGNC Investment Corp, Southern Copper Corp.

January 27^th: NextEra Energy, United Parcel Service, Coastal Financial Corporation, LHMH, Boeing, UnitedHealth, Texas Instruments, Christian Dior, Raytheon – Technologies, Northrop Grumman Corp and Kimberly-Clark Corp.

January 28^th: Microsoft, Meta, Tesla, Samsung, AT&T, General Dynamics, M/I Homes, ASML Holdings, IBM, Starbucks, Koolearn Technology, SSAB AB, XPLR Infrastructure, Canadian Pacific Railway, United Microelectronics and Stifel Financial Corporation.

January 29^th: Apple, Visa, ABB LTD, Comcast, Altria Group, Sanofi, Trane Technologies, Brookfield Infrastructure, Stryker, Deutsche-Bank, Oshkosh, Caterpillar, ING Groep, Givaudan S.A, Dow, TAL Education Group and Credit Acceptance.

January 30^th: Exxon-Mobil, Chevron, AON, American Express, Verizon and SoFi Technologies.