Next week's macro outlook: Non-farm payrolls and unemployment rate data will be released on Friday, and several Federal Reserve officials will be speaking.

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Important macroeconomic data and events to be announced next week (all times are Beijing time):

Monday 01:30: Speech by FOMC voter for 2026 and President of the Minneapolis Fed, Kashkari, at the American Economic Association meeting;

Tuesday 21:00: Speech by FOMC voter for 2027 and President of the Richmond Fed, Barkin;

Wednesday 21:15: US December ADP employment change ( ten thousand ), previous -3.2, forecast 4.5;

Thursday 21:30: US initial jobless claims for the week ending January 3 ( ten thousand ), previous 19.9, forecast 21.6;

Friday 21:30: US December unemployment rate, previous 4.60%, forecast 4.50%; US December seasonally adjusted non-farm payrolls ( ten thousand ), previous -10.5, forecast 5.5;

Friday 23:00: FOMC voter for 2026 and President of the Minneapolis Fed, Kashkari, delivers a welcome speech and participates in an informal discussion at an online meeting hosted by the Fed;

Saturday 02:35: FOMC voter for 2027 and President of the Richmond Fed, Barkin, speaks on economic outlook.

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