The European Central Bank (ECB) <a href="https://www.ecb.europa.eu/press/pr/date/2026/html/ecb.mp260205~001d26959b.en.html">kept</a> interest rates unchanged - this is the fifth time in a row that the regulator has made such a decision. On February 5, this happened against the background of European officials' assessments of the economic consequences of the euro appreciation and renewed unpredictability in trade relations, Bloomberg <a href="https://www.bloomberg.com/news/articles/2026-02-05/ecb-holds-rates-as-euro-rally-and-tariffs-threaten-economy">writes</a>.

ECB kept interest rates unchanged for the fifth time in a row

In less than a month since the beginning of the year, gold is up nearly 30% and silver is up more than 60%

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JPMorgan Chase & Co.

The Goldman Sachs Group, Inc.

Bank of America Corporation

Two FOMC members favored a quarter percentage point rate cut

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Intel Corporation

Netflix, Inc.

Johnson & Johnson

The shortened trading week - on January 19, stock exchanges in the U.S. will not open due to Martin Luther King Day - begins with the World Economic Forum (WEF) in Davos, Switzerland, where <a href="https://www.barrons.com/articles/netflix-united-airlines-ge-aerospace-intel-cpe-cf2b31d3?mod=hp_latestnews#:~:text=where%20at%20least%2060%20heads%20of%20state%20are%20expected">dozens of</a> heads of state will gather. President Trump is expected to speak at the WEF on Wednesday, January 21, Yahoo Finance <a href="https://finance.yahoo.com/news/trump-in-davos-netflix-and-intel-results-on-deck-as-earnings-season-ramps-what-to-watch-this-week-123046447.html#:~:text=The%20first%20is%20President%20Trump%27s%20speech%20at%20the%20World%20Economic%20Forum%20in%20Davos%2C%20Switzerland%2C%20which%20is%20expected%20to%20take%20place%20on%20Wednesday%20morning%20ET.">reported</a>.

Davos, inflation, Netflix and Intel: what investors need to know this week

Positive US labor market data boosted confidence that the regulator will be able to keep rates high all year long

Traders have less faith in a Fed rate cut in 2026

The heads of leading central banks around the world have expressed solidarity with the head of the US Federal Reserve, a criminal investigation has been launched against Jerome Powell in the States

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Citigroup Inc.

American Express Company

Visa Inc.

Mastercard Incorporated

Risks to Fed independence could lead to a short-term lag in U.S. markets, JPMorgan says

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The European Central Bank, as expected, on Thursday, December 18, kept the interest rate unchanged and raised some forecasts for economic growth and inflation, which is likely to strengthen investor forecasts for the absence of further rate cuts, <a href="https://www.reuters.com/business/finance/ecb-keeps-rates-steady-nudges-up-growth-forecast-2025-12-18/">writes</a> Reuters. The ECB keeping the rate unchanged can be considered a signal of confidence in the current state of the eurozone economy: growth exceeds expectations, and inflation, despite external trade shocks, remains close to the regulator's target benchmarks, the agency notes.

ECB keeps interest rate unchanged for the fourth time in a row

Oracle Corporation

Adobe Inc.

Photronics, Inc.

Marvell Technology, Inc.

Daily review and forecast of events on the U.S. stock market from Mikhail Denislamov, Deputy Director of Freedom Capital Markets Research.

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At the same time, strong price pressures in the services sector are offset by falling energy prices

Interest rates