Next week (January 10-16), a flurry of global economic data and major policy events will be released, including key figures on Chinese monetary and credit policies, US inflation, and global oil prices. Coupled with the G7 finance ministers' meeting and numerous statements from Federal Reserve officials, the market will face a multi-dimensional information shock. From the M1-M2 money supply gap, reflecting fund flows, to the CPI data that determines the Fed's policy path, each event could potentially disrupt asset price fluctuations. Investors need to closely monitor signal changes and seize investment opportunities.

The central bank's initial statements and position signals provide initial guidance for trading strategies.

On Saturday (January 10), Richmond Fed President Barkin, a 2027 FOMC voting member, will speak on the economic outlook. Meanwhile, forex traders should pay attention to the CFTC's weekly Commitment of Traders report, which provides crucial information for assessing market sentiment and fund flows in major currencies.

Chinese monetary data kicks off G7 finance ministers' meeting, setting the tone for global policy.

On Monday (January 12), China released year-on-year data on M1 and M2 money supply for December. The difference between the growth rates of M1 and M2 can be used to determine the pace at which household and corporate savings are shifting into investment and expanded reproduction.

At the same time, China released data on total social financing and new RMB loans. New RMB loans are a core sub-item of total social financing and a major indicator of financing for the real economy.

The G7 finance ministers' meeting will be held on the same day, and the Eurozone's January Sentix investor confidence index will also be released at the same time. The former is expected to focus on issues such as global economic coordination and trade policy, while the latter can reflect the trend of European market sentiment.

US Treasury auctions and CPI coincide, Fed issues a flurry of statements to signal its support.

On Tuesday (January 13), the total auction amount and yield of the 10-year U.S. Treasury note were announced, which is an important indicator of the market's benchmark interest rate. If demand is weak, the U.S. nominal interest rate may continue to rise.

The US December CPI year-on-year data and the re-released October new home sales data will also be released, and the CPI data is directly related to the expected direction of the Federal Reserve's policy.

On that day, FOMC permanent voting member and New York Fed President Williams, Atlanta Fed President Bostic, Richmond Fed President Barkin, and St. Louis Fed President Musaleem will deliver a series of speeches, and the policy signals they send deserve close attention.

Crude oil reports intertwine with US and Chinese data, while price and trade data corroborate each other.

On Wednesday (January 14), the API and EIA will release their crude oil inventory changes, and OPEC will also release its monthly crude oil market report, which will provide a clear picture of the global crude oil supply and demand situation.

China's December import and export data, the US's supplementary November retail sales data (affected by the government shutdown), and November core PPI data. PPI is also a leading indicator of CPI for 1-3 months, reflecting changes in producers' costs. It can also be cross-validated with the US December CPI data. Retail data is also known as "terror data" because consumption accounts for a high proportion of US GDP.

In addition, the United States will release December existing home sales data and the third-quarter current account, which describes imports and exports.

The Federal Reserve's Beige Book paints a picture of the economy, covering data from the US, China, and Europe.

On Thursday (January 15), China will release retail sales data and industrial value-added data, Europe will release trade balance data, and the United States will release the January SPGI manufacturing PMI, as well as the Philadelphia and New York Fed manufacturing indices, import and export price indices, and the number of initial and continuing jobless claims for the week.

Subsequently, the Federal Reserve released its Beige Book, revealing the employment and inflation situation of the regional Fed banks. 2026 FOMC voting member and Minneapolis Fed President Kashkari delivered a speech, and FOMC permanent voting member and New York Fed President Williams gave the opening remarks at an event.

China's GDP figures conclude the overall picture, while global economic data comes to a close.

On Friday (January 16), China released its annual GDP and total electricity consumption, while the 2026 Nuclear Fusion Energy Technology and Industry Conference was held domestically.

Germany will release its GDP and CPI figures, the United States will release its industrial output figures, and FOMC voting member and Richmond Fed President Barkin will speak on the economic outlook for Virginia in 2027.

Risk warning: Geopolitical and policy variables require close attention.

In addition to core economic data, investors should be wary of three potential risks: First, the escalation of geopolitical tensions between the US and Venezuela, such as the Russia-Ukraine conflict and the Israeli-Palestinian conflict, could trigger a rise in risk aversion, benefiting safe-haven assets such as gold and the US dollar; second, speeches by central bank officials such as the Federal Reserve and the European Central Bank could signal a policy shift, potentially leading to a rapid correction of market expectations and causing sharp short-term fluctuations in corresponding currencies; and third, if the US releases supplementary data that deviates significantly from market expectations, it could cause a period of volatility in the stock, bond, and currency markets.