Market await possible shutdown news, earnings and Nonfarm Payrolls.

U.S. equity futures face a significant week ahead as a potential partial government shutdown looms following the January 30 funding deadline. Traders are focused on the upcoming nonfarm payrolls report due Friday, with unemployment expected to reach 4.5%. A heavy earnings calendar features 371 companies, including Alphabet and Amazon, while central bank decisions from the BOE and ECB will provide further direction. Additionally, markets will monitor the OPEC meeting and manufacturing PMI data from the U.S. and China. Currently, Fed funds futures are pricing in a 13.5% probability of a rate cut in March as the market evaluates labor stability.