Today’s macro calendar is not particularly busy. Market attention is shifting toward the upcoming US Supreme Court decision on Donald Trump’s tariffs.
Economic calendar
9 AM GMT (Germany) – ZEW Survey
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Expectations: 50 vs 45.8 forecast
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Current conditions: -76 vs -81 previously
12:15 PM GMT (US) – ADP weekly data
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Previous: 11.75k
Around 2 PM GMT (US) – US Supreme Court ruling on tariffs
World Economic Forum in Davos – all day
Corporate earnings
Before the open: 3M
Before the open: US Bancorp
8 PM GMT: Netflix (Q4 earnings release)
8:45 PM GMT: Company conference call
After the close: United Airlines
After the close: Interactive Brokers
Economic calendar: Strong reading from the UK labour market, German ZEW in focus
Morning wrap: Indices Look for a Rebound Amid the U.S.-Iran Conflict (21.07.2026)
Daily Summary: China Shows Its Teeth on AI; The U.K. Sees a Government Revolution 🏛️
Economic calendar - Europe's Inflation and US Housing Market in Spotlight