Positive week for the major global equity markets, supported by resilient US macro data and European inflation nearing the ECB target. In the US, the business confidence indicators, or ISM indices, show a slight decline in the manufacturing sector and a strong rebound in services, with a moderate recovery in the labour market and falling unemployment; short-term yields have risen slightly, while longer-term yields remain stable. In Europe, German yields have fallen. Investors continue to focus on the medium-term cyclical outlook and the upcoming corporate earnings season. Let's take a closer look with Andrea Conti, Head of Macro Markets Analysis at Eurizon. Audio recorded on 12.01.2026.

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