Financial Daily: Trump delays tariffs on eight European countries, US stock market's three major indexes rise over 1% in unison!

- Focus

– US President Trump delivered a speech at the Davos Forum, reiterating his intention to acquire Greenland.

– Musk stated that SpaceX’s IPO plan is currently being actively advanced with the goal of going public by July this year.

– Trump canceled punitive tariffs on eight European countries, stating that a framework agreement on Greenland has been reached with NATO.

– Eight countries, including the UAE, Pakistan, and Saudi Arabia, issued a joint statement deciding to join the 'Peace Committee.'

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- Stock Market

[US Market] The three major US stock indexes rose over 1% on Wednesday.

On Wednesday, US President Trump announced that he had reached a framework agreement with the NATO Secretary General regarding the issue of Greenland. As a result, the plan to impose additional tariffs on eight European countries, originally scheduled to take effect on February 1, will be postponed. Following the news of the framework agreement between Trump and NATO, market concerns about previous geopolitical risks and tariffs eased, leading to a rally in the US stock market, with all three major indexes rising more than 1%.

At the close, the S&P 500 Index rose 1.16% to 6,875.62 points; the Nasdaq Index climbed 1.18% to 23,224.825 points; and the Dow Jones Industrial Average gained 1.21% to 49,077.23 points. The VIX panic index increased by 6.63%. In terms of individual stocks, Netflix shares fell by about 2% due to disappointing earnings forecasts.

The index of the seven tech giants in the US closed up 0.98%, with Tesla rising 2.91%, NVIDIA gaining 2.87%, Google A increasing nearly 2%, and Microsoft falling 2.29%. The Nasdaq China Golden Dragon Index rose 2.21% to 7,776.15 points. Among popular Chinese stocks, Baidu surged about 8%, 21Vianet gained 7.4%, and Alibaba was up 3.9%.

[European Market] Major European indices showed mixed results on Wednesday, with the pan-European index extending its losing streak.

European stock markets were mixed but remained largely flat compared to the previous trading day, with the pan-European index posting a fourth consecutive decline. The pan-European STOXX 600 Index fell 0.02% to close at 602.67 points, while the pan-European STOXX 50 Index dropped 0.16% to 5,882.88 points.

Germany's DAX 30 Index closed down 0.58% at 24,560.98 points; France's CAC 40 Index closed up 0.08% at 8,069.17 points; the UK's FTSE 100 Index closed up 0.11% at 10,138.09 points.

[Asian Markets] Japanese stock index fell while South Korean stock index rose

On Wednesday, Japan's stock index fell while South Korea's stock index rose. At the close, the Nikkei 225 Index was down 0.4% at 52,774.64 points; Japan's TOPIX Index closed down approximately 1% at 3,589.70 points. South Korea’s KOSPI Index closed up 0.5% at 4,909.93 points.

[Hong Kong Market] Hong Kong's three major indices all closed higher, with the Hang Seng Tech Index rising over 1.1%

On Wednesday, Hong Kong stocks reversed their downward trend, with all three major indices closing higher, and the Hang Seng Tech Index rising over 1.1%. At the close, the Hang Seng Index was up0.37%, at 26,585.06 points; the Hang Seng Tech Index closed up 1.11% at 5,746.30 points; the Hang Seng China Enterprises Index closed up 0.31% at 9,122.95 points. In terms of sectors, gold stocks performed well, with Chifeng Gold and Lingbao Gold rising over 8%, and many gold stocks rising more than 4%; semiconductor stocks strengthened, with SMIC rising over 5% and Hua Hong Semiconductor rising over 3%; AI and robotics stocks showed strong performance, with MicroPort Robotics surging over 17%.

[A-share Market] A-shares showed volatility, with the three major indices closing higher

On Wednesday, A-shares fluctuated throughout the day, but the three major indices closed higher, with the Shanghai Composite Index closing slightly up. At the close, the Shanghai Composite Index was up 0.08%, at 4,116.94 points; the Shenzhen Component Index closed up 0.70% at 14,255.13 points; the ChiNext Index closed up 0.54% at 3,295.52 points. Regarding sectors, precious metals collectively rose, driven by gold price increases, with stocks like Sichuan Gold and Western Gold hitting their daily limit; the semiconductor sector surged, with Loongson Technology and others hitting their upper trading limits; sectors such as computing power hardware, GPU, and CPO also saw significant gains. The banking, coal, and liquor sectors were among those that declined the most.

– Bonds

[US Bonds] US Treasury yields fell, with the 10-year Treasury yield dropping 3.98 basis points.

In late New York trading, the yield on the US 10-year Treasury bond fell by 3.98 basis points to 4.2528%, and the yield on the US 2-year Treasury bond dropped by 0.64 basis points to 3.5908%.

[Non-US Bond Market] European government bond yields generally rose, with Germany's 10-year government bond yield rising for five consecutive days.

European government bond yields generally rose, with Germany’s 10-year government bond yield rising for five consecutive trading days. In late European trading, Germany's 10-year government bond yield increased by 0.83 basis points, the UK’s 10-year government bond yield remained almost flat from the previous trading day, France's 10-year government bond yield rose by 1.6 basis points, while the average increase in the 10-year government bond yields of Greece, Spain, and Italy was 2.3 basis points.

[China Bond Market] Wednesday saw a mixed performance in government bond futures.

Government bond futures showed a mixed performance on Wednesday, with longer-term government bond futures performing better. At the close, the 30-year main contract rose by 0.75%, the 10-year main contract increased by 0.03%, the 5-year main contract gained 0.01%, and the 2-year main contract fell by 0.01%.

– Foreign Exchange

[US Dollar] The US Dollar Index edged lower, forming an overall V-shaped movement.

The US Dollar Index edged lower on Wednesday but rebounded after Trump announced a delay in imposing tariffs on eight European countries, forming an overall V-shaped pattern. In late New York trading, the ICE US Dollar Index fell by 0.21% to 98.412 points, and the Bloomberg US Dollar Index dropped by 0.23% to 1,204.62 points.

[Non-US Currencies] The US dollar strengthened against most major currencies, rising by 0.16% against the yen.

On Wednesday, the US dollar strengthened against most major currencies, rising by 0.16% against the yen. In late New York trading, the US dollar rose 0.16% against the yen to 158.41 yen. The euro fell 0.32% against the dollar, the pound fell 0.17% against the dollar, and the US dollar rose 0.78% against the Swiss franc.

[Renminbi] The US dollar versus offshore renminbi settled at 6.9600 yuan.

In late New York trading, the US dollar rose 43 points against the offshore yuan compared to the previous trading day’s close, reaching 6.9600 yuan. The onshore yuan fell 47 points against the US dollar from the previous trading day’s closing level, settling at 6.9650 yuan.

[Cryptocurrency] Cryptocurrency market experiences wide fluctuations as Bitcoin price rebounds above $90,000

The cryptocurrency market experienced significant volatility on Wednesday, with prices rebounding quickly after a moderation in investor risk aversion. In late New York trading, Bitcoin was up approximately 0.89%, trading at $90,180 after falling earlier in the session to near $87,000; Ethereum rose 1.27% to $3,027.

- Commodities

[Energy] Crude oil futures prices rise

Brent crude futures rose about 0.5%, settling at $65.24 per barrel, while US crude futures gained around 0.4%, settling at $60.62 per barrel.

[Precious Metals] Precious metals' gains narrow as risk aversion eases

Precious Metals:Spot gold prices opened higher and continued to climb, nearing $4,900 before paring gains as risk-off sentiment eased. In late New York trading, spot gold was up 1.51%, trading at $4,835 per ounce, while US gold futures rose about 1.6% to $4,841.90 per ounce.

Metals Futures Market:In late New York trading, spot silver fell 1.65%, trading at $93.0512 per ounce, while US silver futures declined 1.57% to $93.150 per ounce. US copper futures dropped 0.10%, trading at $5.8065 per pound, while spot platinum rose 0.61%.

[Disclaimer]

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