8:43 AM · 20 January 2026

Economic calendar: Germany ZEW, US ADP and US Supreme Court ruling on tariffs

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

Expectations: 50 vs 45.8 forecast
Current conditions: -76 vs -81 previously

12:15 PM GMT (US) – ADP weekly data

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

16 October 2026, 2:30 PM

Strong US macro data 🗽 Industrial production and prices rise

16 October 2026, 9:27 AM

Chart of the Day: NATGAS - Are there chances for a seasonal rebound amid warm weather?

16 October 2026, 7:11 AM

Economic Calendar - Final Eurozone CPI Inflation, US Manufacturing, and Regional Bank Earnings

16 October 2026, 6:48 AM

Morning Briefing: Warsh's silence on interest rates. AI debt fears cooled sentiment, but a rebound is visible

Economic reports

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