Feb 9, 2026 – Feb 13, 2026
This is a full 5-day trading week, but the U.S. data tape is unusually important: the January Employment Situation is rescheduled to Wed Feb 11 and January CPI to Fri Feb 13 amid shutdown-driven calendar changes. Expect higher sensitivity to: (1) retail sales + wage/price inputs (Tue), (2) payrolls + revisions (Wed), and (3) CPI/real earnings (Fri), with earnings-driven dispersion across consumer, healthcare, tech, utilities, and crypto-linked names.
U.S. Market Hours
- Mon–Fri: 9:30 a.m.–4:00 p.m. ET (8:30 a.m.–3:00 p.m. CT).
Source links: NYSE hours & calendars,
SIFMA holiday schedule.
Major Earnings by Day
Times shown in Eastern; confirm with company IR before trading short-dated options.
BMO
AMC
| Mon Feb 9 | Tue Feb 10 | Wed Feb 11 | Thu Feb 12 | Fri Feb 13 |
|---|---|---|---|---|
|
BDX
Becton, Dickinson Before OpenMedtech demand + margins; guidance tone in focus.
APO
Apollo Global Management Before OpenFee-related earnings + private-markets fundraising cadence.
DT
Dynatrace Before OpenEnterprise observability spend and net retention trends.
ON
ON Semiconductor After CloseAuto/industrial demand + inventory digestion watchpoints.
|
KO
Coca‑Cola Before OpenPrice/mix vs. volume; FX and emerging market trends.
CVS
CVS Health Before OpenMedical cost trends + pharmacy/benefits guidance.
SPGI
S&P Global Before OpenRatings issuance + index/subscription revenue durability.
HOOD
Robinhood After CloseNet interest + crypto activity; customer growth and ARPU.
|
MCD
McDonald’s Before OpenTraffic vs. pricing; international comps and margin recovery.
TMUS
T‑Mobile US Before OpenPostpaid adds, ARPA, and fixed‑wireless momentum.
SHOP
Shopify Before OpenMerchant GMV + take‑rate; operating leverage and guidance.
CSCO
Cisco After CloseEnterprise networking + AI infrastructure demand; orders and outlook.
|
AEP
American Electric Power Before OpenRate-base growth and capex plan; regulatory tone.
ZTS
Zoetis Before OpenCompanion‑animal demand + pricing; 2026 guideposts.
ABNB
Airbnb After CloseNights booked + ADRs; international mix and margin trajectory.
COIN
Coinbase After CloseTrading volume sensitivity; subscription/services and guidance.
|
MRNA
Moderna Before OpenPipeline updates + respiratory franchise outlook.
ENB
Enbridge Before OpenPipeline volumes + capex discipline; dividend narrative.
CCJ
Cameco Before OpenUranium contracting + price realization; supply constraints.
—
No marquee U.S. after-close prints After CloseFriday post-close prints are uncommon; focus shifts to CPI and next week’s setup.
|
Earnings timing sources: company IR pages / exchange calendars. If you’re trading short-dated options, confirm the final timestamp on issuer IR the day prior.
Macro Catalysts — Rescheduled Payrolls & CPI + Retail Sales (Shutdown-Driven Timing)
The week is dominated by a compressed U.S. data slate: retail sales + ECI + import/export prices (Tue), the rescheduled Employment Situation (Wed), and rescheduled CPI + real earnings (Fri). With release dates explicitly marked “subject to change” on official calendars during the lapse in government services, treat the scheduled windows as headline-risk zones.
Key Macro Diary
Times shown in Eastern (unless noted). Items marked “Delay risk” may not publish as scheduled.
Data
Rates/CB
Global
| Mon Feb 9 | Tue Feb 10 | Wed Feb 11 | Thu Feb 12 | Fri Feb 13 |
|---|---|---|---|---|
|
US
Consumer inflation expectations (Jan) Time pendingSentiment/expectations check into rescheduled BLS data later in week.
UK
KPMG / REC Report on Jobs (Jan) overnightUK labor-market read-through ahead of GDP prints.
|
US
Retail Sales (Dec) 8:30aConsumer momentum check; key input for GDP tracking.
US
Employment Cost Index (Q4) — rescheduled 8:30aWage/compensation trend; Fed-sensitive.
US
Import & Export Prices (Dec) 8:30aTrade-price inflation and USD transmission.
US
Manufacturing & Trade Inventories/Sales (Nov) 10:00aInventory contribution to growth; watch inventory-to-sales ratios.
|
US
Employment Situation (Jan) — rescheduled 8:30aPayrolls, unemployment rate, and revisions reset rates expectations.
US
Monthly Treasury Statement (Jan) 1:00pBudget/deficit lens; headline risk for rates and USD.
CN
China CPI & PPI (Jan) overnightChina inflation pulse; commodity/EM sensitivity.
|
US
Initial Jobless Claims 8:30aHigh-frequency labor read; watch continued claims trend.
US
Existing Home Sales (Jan) 9:00aHousing demand + affordability barometer.
UK
UK GDP (Q4, prelim) + Monthly GDP (Dec) overnightGrowth signal that can move GBP and global rates.
|
US
CPI + Real Earnings (Jan) — rescheduled 8:30aInflation + wage-realization; key driver of front-end rates.
EU
Eurozone GDP (Q4, 2nd est.) + Trade (Dec) overnightEUR and global risk appetite sensitivity.
|
*Times note: BoE publications are set for 12:00 London; ECB “decision + press conference” is typically early afternoon CET. Confirm on official calendars.
QBH Lens — How We’re Framing the Week
- Base case: The rates complex is set by rescheduled payrolls (Wed) and CPI (Fri); dispersion comes from sector-specific earnings guidance (consumer, healthcare, networking/AI, utilities, travel/crypto).
- Volatility controls: Keep convexity defined into Wed AM (Employment Situation) and Fri 8:30a ET (CPI); consider smaller size into data/earnings clusters.
- Data caveat: Official calendars note shutdown-driven timing changes—monitor revised release-date announcements and expect liquidity gaps around “expected” windows.
- Cross-asset tells: Real yields + USD are the quickest read on risk appetite; watch crypto beta into HOOD/COIN and energy/uranium sensitivity into ENB/CCJ.
🌍 Global Markets — Cross-Asset Snapshot (Early-2026 Positioning)
Cross-asset conditions matter as much as the headline calendar this week. Monitor the rates complex, USD, and energy/industrial inputs as tariffs and geopolitical risk filter into prices.
Rates & FX
- USD strength can compress risk appetite and pressure commodities/EM; a softer USD often lifts cyclicals and metals.
- Global data (China CPI/PPI, UK GDP, eurozone GDP) can move term premia and FX—and spill back into U.S. duration equities.
Commodities & Energy
- Oil: sensitive to Iran headlines and Venezuela operational risk; watch crack spreads and shipping/insurance headlines.
- Industrial inputs: tariffs can reprice raw materials quickly; CPI components and survey price gauges are a key cross-check.
Politics, Policy, Geopolitics & Tariffs — Week of Feb 9, 2026
U.S. Data & Shutdown Signal
- BLS delay risk: Key labor/inflation releases have been rescheduled during the lapse in government services; treat scheduled windows as headline-risk zones and verify revised dates on official calendars.
- Market implication: With rescheduled releases, the market can overweight retail sales, claims, and earnings guidance—often amplifying swings.
Geopolitics — Active U.S. Operations / Deployments / Pressure Points
- Iran / Gulf: Tehran signaled it is examining diplomacy with the U.S., while Washington has increased regional posture and warned it may use force if talks fail—an oil- and shipping-sensitive setup.
- Greenland / Arctic: The Trump administration has continued to press its goal of controlling Greenland; Danish/European leaders have pushed back, framing the issue as sovereignty and transatlantic stability.
- China / Taiwan Strait: China’s military said it monitored U.S. vessels transiting the Taiwan Strait in mid‑January, underscoring persistent flashpoint risk for defense and semis.
- Venezuela: The U.S. operation to capture Nicolás Maduro and subsequent actions targeting Venezuelan oil exports keep Latin America risk elevated; Russia has condemned the U.S. move.
Trade & Tariffs — Europe & Canada Reactions
- Europe: European officials have signaled “red lines” on Greenland sovereignty even as they seek to keep trade channels open; markets watch for retaliatory steps if tariff threats broaden.
- Canada: Ottawa is caught between U.S. tariff threats and potential trade arrangements with China; tariff headlines are already feeding into cost pressures and export softness in Canadian data.
- U.S. macro feedback loop: Tariff-driven input cost pressure can show up in inflation prints and survey pricing components—raising the odds of higher-for-longer rates if sustained.
Primary references (non-exhaustive): BLS schedule & shutdown notices; ISM releases; Reuters reporting on Iran diplomacy, Greenland tensions, Taiwan Strait transits, and Venezuela operation; Reuters reporting on Canada/Europe trade reactions and tariff impacts.
Corporate Actions & Flows — Positioning Into Early February
- Volatility + flows: High-beta earnings + rescheduled macro can force systematic repositioning; watch rotations around CSCO/AMAT and ABNB/COIN.
- Defined risk: Use spreads/collars to manage event-driven gap risk rather than naked exposure into clustered catalysts.
Week in Focus — Retail Sales → Rescheduled Payrolls → Rescheduled CPI (With Shutdown Timing Risk)
- Rates remain the fulcrum: Retail sales/ECI/import prices (Tue), the rescheduled jobs report (Wed), and rescheduled CPI (Fri) can reset front-end pricing.
- Earnings breadth is high: KO/CVS/SPGI provide consumer/health reads; MCD/TMUS/SHOP/CSCO steer growth & networking/AI narratives; ABNB/COIN/AMAT/ANET add high-beta dispersion.
- Geopolitics is not background noise: Ongoing tariff headlines and major flashpoints (Iran, Greenland, Taiwan Strait, Venezuela) can move oil, defense, shipping, and rates risk premia.
- Operational note: Confirm schedule changes on official calendars; rescheduling surprises can dominate thin liquidity windows.
Sources
- NYSE hours & calendars(nyse.com)
- SIFMA holiday schedule(sifma.org)