--- title: "This week's key highlights preview｜China, US and Europe to release key economic data, CME Group again significantly raises precious metals deposit" type: "Topics" locale: "en" url: "https://longbridge.com/en/topics/38323841.md" description: "This week, the market welcomes a "super data week," with global macro themes, corporate earnings from giants, and geopolitical events intertwining, likely leading to increased market volatility. 📅 Key schedule overview this week (Beijing Time) 🔍 Macro focus 1️⃣ The US non-farm payrolls take center stage—will the job market "cool down sharply"? On Friday evening (February 6), the US January non-farm payroll data will be released. Market expectations are for an increase of about 60,000 to 80,000, but Bloomberg Economics warns that due to adjustments in statistical methods, actual growth may unexpectedly weaken, possibly only around 15,000. On the same day, the University of Michigan Consumer Sentiment Index will also be released. Before that..." datetime: "2026-02-02T01:36:44.000Z" locales: - [en](https://longbridge.com/en/topics/38323841.md) - [zh-CN](https://longbridge.com/zh-CN/topics/38323841.md) - [zh-HK](https://longbridge.com/zh-HK/topics/38323841.md) author: "[热点君](https://longbridge.com/en/profiles/1450684.md)" --- > Supported Languages: [简体中文](https://longbridge.com/zh-CN/topics/38323841.md) | [繁體中文](https://longbridge.com/zh-HK/topics/38323841.md) # This week's key highlights preview｜China, US and Europe to release key economic data, CME Group again significantly raises precious metals deposit This week, the market welcomes a "super data week," with global macro themes, corporate earnings from giants, and geopolitical events intertwining, making it highly likely that market volatility will rise. ### **📅 Key Events This Week (Beijing Time)** ### 🔍 Macro Focus **1️⃣ U.S. Nonfarm Payrolls Take Center Stage: Will the Job Market "Cool Down Sharply"?** On Friday evening (February 6), the U.S. January nonfarm payrolls data will be released. The market expects an increase of about 60,000 to 80,000 jobs, but Bloomberg Economics warns that due to adjustments in statistical methods, actual growth may unexpectedly weaken, possibly as low as around 15,000. On the same day, the **University of Michigan Consumer Sentiment Index** will also be released. Before that, the **U.S. ADP Employment Report** on Wednesday (February 4) will provide forward-looking clues about the labor market. **2️⃣ ECB and BOE Rate Decisions: Will They Signal Rate Cuts?** On Thursday evening (February 5), the **European Central Bank and the Bank of England** will announce their rate decisions. The market widely expects both to "stand pat," but the focus will be on their assessments of inflation falling below target and downside risks to economic growth. In particular, the BOE’s new quarterly forecasts and policy guidance will be key for the market to judge whether it will start cutting rates in the spring. **3️⃣ China’s PMI and Forex Reserves: How Strong Is the Economic Recovery Momentum?** On Monday morning (February 2), **China’s January RatingDog Manufacturing PMI** will be released. After the official PMI declined due to weak demand, this data will focus more on the business climate of small and medium-sized enterprises and export-oriented industries. Additionally, on Saturday (February 7), the end-of-January foreign exchange reserves data will be released, with attention on whether the central bank continues its trend of increasing gold holdings. ### ⚠️ Risk Events and Liquidity Alerts **CME Raises Margins Again: What’s Next for Precious Metals?** To control extreme volatility risks, the CME will significantly raise margins for gold and silver futures trading **after Monday’s close (February 2)**. The gold margin rate will increase from 6% to 8%, and silver from 11% to 15%. **The SHFE will also follow suit**, adjusting the price limits and margin ratios for several silver futures contracts starting from Tuesday’s settlement (February 3). This move aims to accelerate deleveraging, and traders should be wary of potential sharp volatility caused by short-term liquidity tightening. **Geopolitical and Political Events** The **Iran situation** continues to escalate, and the deployment of U.S. naval forces warrants close attention. The **Japanese House of Representatives election** and **Thai general election** are both scheduled for **Saturday (February 8)**, which may affect regional market sentiment. The **U.S. Artemis II crewed lunar mission** is tentatively set for no earlier than February 8, marking a historic space event. ### 📊 Earnings and IPO Calendar (Beijing Time) **📈 U.S. Mega-Cap Earnings Wave** **Tech Focus on "AI Monetization"**: **Google and Amazon** will report earnings after Thursday’s close (February 5), with their cloud business growth in focus; **AMD** will report after Tuesday’s close (February 3), with its highly volatile stock facing an earnings test. **Pharma to Decide "Weight-Loss Drug Ceiling"**: **Novo Nordisk** will report before Wednesday’s open (February 4), and **Eli Lilly** will report after Wednesday’s close, directly impacting global valuations for the weight-loss drug sector. **Other Industry Leaders in the Spotlight**: Including **Disney** before Monday’s open, **PayPal, Pfizer, and Pepsi** before Tuesday’s open, **Uber** before Wednesday’s open, and **Toyota Motor** before Friday’s open. **This Week’s Hong Kong IPOs** **Monday (2/2)**: Eastroc Beverage (dark pool) **Tuesday (2/3)**: Guoen Technology (dark pool), **Eastroc Beverage (listing)** **Wednesday (2/4)**: Guoen Technology (listing) **Thursday (2/5)**: Muyuan Foods, Zhuozheng Medical, Han’s CNC (dark pool) **Friday (2/6)**: Montage Technology (dark pool), **Muyuan Foods, Zhuozheng Medical, Han’s CNC (listing)** ### Related Stocks - [Advanced Micro Devices, Inc. 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