MORNING BID-This might 傷つける
A look at the day ahead in markets from Amanda Cooper, Europe breaking news editor. This week 約束s to be one of the most 活動／戦闘-packed in a while. Three of the world's most 影響力のある central banks are likely to raise 率s to their highest since the 財政上の 危機, while Q4 収入s season is starting to gather pace.
Big Tech 王族 in the form of Apple, Alphabet and アマゾン 配達する 収入s. With the tech 部門 bleeding profitability and 職業s, whatever these three say on that 前線 could carry almost as much 負わせる as whatever the 連邦の Reserve says when it pronounces on the 経済的な 見通し on Wednesday.
With 109 of the S&P's 500 構成要素s 始める，決める to 報告（する）／憶測 in the coming five days alone, 投資家s are going to get a 非，不，無-stop 一斉射撃，（質問などの）連発／ダム of hot takes on anything from インフレーション to the 衝撃 of the gyrations of the dollar, to 中国 and beyond.
The 幸福感 that 示すd the end of 2022, fed by 中国 取り去る／解体するing its COVID 制限s and more benign energy prices, has carried through this month, にもかかわらず a decidedly 暗い／優うつな 収入s season and an 主張 の中で central 銀行業者s that high インフレーション isn't going anywhere any time soon.
The S&P itself is 長，率いるing for a 6.1% rise this month - which would 示す its best January since 2019. The first month of the year tends to be one of the strongest anyway, によれば Refinitiv data.
In the last 94 years, the S&P has risen by 1.2% on 普通の／平均（する） in January, compared with an 普通の／平均（する） rise of 1.3% in December, the month with the highest returns.
One of the major 上げるs that the 株式市場 has enjoyed this January has been the seemingly cast-アイロンをかける 有罪の判決 の中で 仲買人s and 投資家s that the Fed, while not bluffing 正確に／まさに, won't raise 率s as much as policymakers sa y they will, and that インフレーション won't 証明する nearly as sticky.
This has translated into a 近づく 30 basis-point 減少（する） in 10-year 財務省 産する／生じるs and the S&P hasn't got as much bang for its buck in the month of January from a 減少（する） in 産する／生じるs like this in 最近の memory.
Even in strong Januarys, such as that of 2019, when the 索引 rose by 7%, 10-year 産する／生じるs fell only 6 bps. In January 1987, when the 索引 rose 13%, 産する／生じるs fell just 6 bps.
With so much riding on the Fed 存在 wrong and the markets 存在 権利 about the 見通し for 通貨の 政策, there would appear to be a lot more 範囲 than usual for 公正，普通株主権 bulls to get a smack in the 直面する from anything that might 軍隊 a rethink on where U.S. 率s might 頂点（に達する）.
重要な 開発s that should 供給する more direction to markets on Monday:
- Dallas Fed 製造業の 商売／仕事 索引 January -18.8 事前の
- Dallas Fed PCE 3.4% 事前の
- German economy 突然に 縮むs in Q4
(報告（する）／憶測ing by Amanda Cooper; Editing by Hugh Lawson)
