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Tonight will feature key US employment data and the ruling on Trump's tariffs' legality, which could have a significant impact on the market.
On January 9th, at 8:30 AM Eastern Time (9:30 PM Beijing Time), the U.S. Bureau of Labor Statistics will release the December unemployment rate and non-farm payroll data. This data will reflect the state of the U.S. economy and have a key impact on the Federal Reserve’s interest rate decision. At 10:00 AM Eastern Time, the U.S. Supreme Court may issue a ruling on the legality of Trump’s tariffs. Previous analyses have indicated that an “illegal tariff ruling” could trigger a massive refund of tariffs, which typically requires years of case-by-case litigation, creating an immediate cash flow impact. Additionally, U.S. Treasury Secretary Yellen will deliver a speech at 12:45 PM Eastern Time. Trump is scheduled to speak at 9:00 PM Eastern Time.