Hua Er Jie Jian Wen·2026-01-11 03:49Core Viewpoint - The upcoming week is characterized as a "super week" for global capital markets, with significant macroeconomic data and corporate earnings reports expected to heighten market volatility. Key focus areas include inflation dynamics, corporate earnings validation, and geopolitical developments [3]. Economic Indicators - The U.S. is set to release the December CPI data on January 13, with expectations of a notable rebound, attributed to statistical distortions from the government shutdown rather than genuine inflationary pressures [5][6]. - China's December import and export data will be released on January 14, with forecasts indicating a 3.0% year-on-year increase in exports (down from 5.9% in November) and a 2.9% decline in imports (down from a 1.9% decrease in November) [4]. Corporate Earnings - Major U.S. banks, including JPMorgan Chase, will kick off the earnings season, with a focus on the health of the financial system amid high interest rates. Additionally, TSMC's earnings report is anticipated to serve as a bellwether for the global AI supply chain [3][9]. - TSMC is expected to report revenues of approximately NT$1.011 trillion for Q4 2025, with earnings per share projected at NT$2.72, highlighting its role as a key player in AI chip manufacturing [8]. Geopolitical and Industry Developments - The U.S. government faces an increased risk of shutdown as funding runs low, with a critical funding bill set to be reviewed by the Senate. This situation could significantly impact market sentiment and economic stability [13]. - The G7 finance ministers will meet to discuss rare earth issues, reflecting ongoing geopolitical tensions and industry dynamics [13]. - Canadian Prime Minister is scheduled to visit China from January 13 to 17, marking a significant diplomatic engagement focused on trade and energy discussions [13].