As the second full week of the year unfolds, key economic reports from leading global economies will be spotlighted, alongside the beginning of the earnings season for the largest U.S. banks. A particularly notable release from the United States will be the inflation rate, a focal point due to persistent price increases and the resulting division within the Federal Reserve. Other significant U.S. releases will include data on retail sales, producer prices, home sales, and trade conditions. The European economic calendar promises to be eventful with GDP updates from Germany and the UK, as well as industrial production and trade balance figures from the Eurozone. In China, investors will receive fresh insights into trade data, shedding light on the repercussions of heightened protectionism among economic partners and the gradual progress in easing manufacturing capacity constraints. Furthermore, credit aggregates will also be disclosed. Japan will release its current account figures and machinery order data. On another note, the Bank of Korea is slated to make a decision regarding its policy rate, while inflation statistics will be published in India and Russia.