7:43 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

6 November 2026, 1:31 PM

BREAKING: US NFP much stronger than expected 📈 US Dollar and treasuries yields surge

6 November 2026, 12:10 PM

EURUSD loses ground ahead of NFP

5 November 2026, 12:00 PM

BREAKING: BoE raises interest rates by 25pbs to 4%⏰

5 November 2026, 9:38 AM

Norges Bank keeps rates unchanged, but leaves the door open to rate hikes. Is this really the end of the NOK strengthening, though?

Economic reports

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