U.S. stocks closed higher on Friday, boosted by bullish sentiment sparked by Amazon's earnings report. Despite the headwinds such as the epidemic, the number of new non-farm payrolls in the United States in January exceeded all economists' expectations, and the average hourly wage also increased by 0.7% month-on-month. Cliff Hodge, chief investment officer at Cornerstone Wealth, said the jobs report was beyond everyone’s expectations, and the data certainly showed a positive for the economy, but it was bad for the market as it provided support for a more aggressive hawkish Fed move.

Markets were volatile last week, with some tech giants including Facebook parent Meta reporting disappointing earnings reports, but strong earnings data from Amazon helped lift sentiment, adding about $190 billion to the company's market value. Bottom-hunters hope positive corporate earnings will keep stocks attractive and offset some concerns about higher interest rates. Of the 272 companies in the S&P 500 that have reported results, 82% met or beat expectations, and profits beat expectations by 8.8%.

This week (the week of February 7th to February 13th), the market will focus on the latest U.S. inflation data released on Thursday. The market generally predicts that the U.S. consumer price index (CPI) in January was 7.3%. At the same time, the three major energy organizations and institutions will publish monthly crude oil market reports. Markets were stunned by the highly anticipated nonfarm payrolls data on Friday, as investors digested strong U.S. employment and higher wages, adding 467,000 jobs in January. After the unexpected non-farm payrolls data, expectations for the Federal Reserve to raise interest rates have also grown hotter, but it is worth noting that U.S. prices have soared, reaching a new high in nearly 40 years. High inflation also fueled concerns about the Fed's ability to curb inflation. Judging from the current situation, in order to stabilize inflation expectations and maintain the Fed's own credit, the Fed has to put interest rate hikes on the agenda.

①Monday (February 7), China’s foreign exchange reserves in January, China’s January Caixin service industry PMI, Switzerland’s unseasonably adjusted unemployment rate in January, Germany’s seasonally adjusted industrial output in December, and the Eurozone’s February Sentix Investor Confidence Index .

② On Tuesday (February 8), Japan's December trade account, France's December trade account, the United States' December trade account, Canada's December trade account, and New Zealand Fed President Orr made a speech on "the future of money".

③ On Wednesday (February 8), China’s social financing scale in January, China’s January M2 money supply, New Zealand’s first-quarter inflation expectations for the next two years, Germany’s December trade account not seasonally adjusted, the United States’ wholesale inventory in December, EIA’s monthly release Short-term energy outlook report, ECB Governing Council member Villeroy delivered a speech.

④ On Thursday (February 10), the annual rate of gold production in South Africa in December, the U.S. CPI in January, the Bank of Canada Governor Macklem’s speech, the 2022 FOMC vote committee, and Cleveland Fed President Mester on the U.S. economy and monetary policy The outlook speaks and OPEC releases its monthly crude oil market report.

⑤ Friday (February 11), UK December and fourth quarter GDP, Germany January CPI, UK December industrial output, UK December trade account, Swiss January CPI annual rate, US February University of Michigan consumer Confidence index, Bank of England Governor Bailey delivered a speech, IEA released the monthly crude oil market report.