Markets focus on Walmart's earnings this Thursday after it joined the $1 trillion club. The retailer's results will reveal consumer spending amid flat U.S. December retail sales and strong January jobs data. Other retailers like Home Depot and Target will follow. European miners Rio Tinto, Glencore, Anglo American, and Antofagasta report earnings as metal prices like copper and gold reach highs. Despite a Glencore-Rio Tinto merger being abandoned, their market value rose by $65 billion this year. Global business surveys show improvement in services and easing price pressure, but manufacturing lags. February's flash purchasing managers' surveys will be closely watched due to AI-related job and cost concerns. In the UK, Tuesday's labour market data and Wednesday's inflation figures are key, amid political instability and an upcoming Fitch rating review. Inflation eased to 3.4% in December but remains high in the G7. Bank Indonesia's Thursday policy meeting is critical after MSCI threatened to downgrade the country, causing an $80 billion market loss. Moody's cut the credit outlook, and FTSE postponed an index review. The bank may cut rates further after recent reductions. Meanwhile, New Zealand's Reserve Bank will likely hold rates on Wednesday, with hikes expected later under new governor Anna Breman.