There are also thirty others corporate results to be released from companies with a capitalization of more than $100 billion.

Investors are also optimistic over a $1.9 trillion U.S. stimulus plan, with Democrats expected to push through the package before the trial for Donald Trump's impeachment on February 8, which offsets the deteriorating Covid-19 situation and delays in vaccine deliveries.

Many countries are returning to lockdowns and adapting their strategies because vaccination campaigns are not going fast enough.

The stakes are high for western economies, as the pandemic completely changed the global game. In 2020, foreign direct investment fell by 42%, from $1.5 trillion in 2019 to $859 billion, according to the latest report of the United Nations Conference on Trade and Development (UNCTAD). China was the world's largest recipient of FDI, overtaking of the United States. In addition to reaching the top step of the podium, the Asian giant experienced a 4% increase in its inflows to reach $163 billion while at the same time, most regions of the world were struggling due to Covid-19. Another nation that has managed to do well is India (+13%), thanks in part to investment flows in the digital sector.

Meanwhile, the United States recorded a drop of 49% to an estimated $134 billion. In Europe, it's difficult to talk about flows since FDI fell into the disinvestment category, at -$4 billion. However, there are two notable exceptions: Sweden has seen its flows more than double, from $12 to $29 billion, probably in part due to the low intensity of social distancing measures at the beginning of the pandemic. Spain has also seen a significant 52% growth in FDI flows, thanks to several M&A deals, according to UNCTAD.

Earlier today, the German IFO Business Climate Index was published and is worse than the consensus estimates (90.1 versus 91.5). It is also lower than the previous month's 92.2. This does not bode well for the coming weeks as this indicator is considered to give good signals on future economic activity.

This week, the focus will also be on he Fed meeting on Tuesday and Wednesday.