Next week, former President Trump will lead a record-sized U.S. delegation to the World Economic Forum in Davos, where he will deliver a speech on global cooperation amid rising competition. Key topics may include his tariff policies and geopolitical strategies. Meanwhile, the U.S. Supreme Court will hear a case involving Federal Reserve Board member Cook, with potential implications for Trump's tariff legality. In other macroeconomic events, China will release its 2025 GDP growth figures on Monday. The European Central Bank will publish its December meeting minutes on Thursday, alongside U.S. economic data releases including jobless claims and the Core PCE Price Index. On Friday, the Bank of Japan will announce its interest rate decision and economic outlook, with Governor Haruhiko Kuroda holding a press conference. U.S. markets will be closed on Monday for Martin Luther King Jr. Day.