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Market

Closing: US stocks closed lower, with the Dow Jones falling more than 300 points; the market is focusing on Trump's tariff policy.

On January 31, the top 20 trading volumes in US stocks: Barclays stated that Tesla's stock price has detached from its fundamentals.

On Friday, China Concept Stocks generally declined, with Alibaba dropping by 3.81% and PDD Holdings by 3.02%.

US WTI Crude Oil closed down 0.3% on Friday; the oil market is paying attention to the impact of Trump's tariffs.

New York futures gold rose past $2860 on Friday, hitting a historic high, while spot Gold increased by 6.7% in January.

European stocks closed mixed, with the Europe Stoxx 50 Index rising by 0.07%.

Macroeconomics

The White House denied postponing the report, with a spokesperson announcing tariffs on Mexico and Canada starting Saturday.

The White House: A 25% tariff will be imposed on commodities from Mexico and Canada starting February 1.

Trump stated that tariffs on Canadian Crude Oil Product will likely be lowered.

Trump vowed to impose tariffs on Oil & Gas, metals, and chips in the coming months.

Trump: The USA will ultimately impose tariffs on chips, Crude Oil Product, and Oil & Gas.

Trump's aides seek to reach an agreement at the last moment to avoid imposing full tariffs on Canada and Mexico.

Traders are racing against time to ship boxes of Gold and Silver into the USA.

In January, the MNI Chicago Business Sentiment Index rose to 39.5, with an estimate of 40.

Canadian Prime Minister Trudeau stated that there will be a "strong" response to US tariffs.

Canada's GDP grew by 0.2% in December, with an annual growth of 1.4%.

Canada's GDP is expected to shrink by 0.2% in November 2024.

The German Bundestag rejected a bill tightening immigration policies.

Israel is expected to release 183 detained individuals on February 1.

The German Bundestag rejected a bill tightening immigration policies.

German Chancellor's popular candidate suffers a setback: breaking political rules failed to push controversial immigration policy.

Company

DeepSeek's cost performance OpenAI releases a cheaper model 03-Mini.

The DeepSeek whirlwind blows through, NVIDIA CEO Jensen Huang visits the White House on Friday.

The White House: Trump will meet with NVIDIA CEO at 2:30 PM Eastern Time.

Trump will meet with NVIDIA CEO Jensen Huang on Friday.

Apple reportedly abandons the development of augmented reality glasses connected to Mac.

JPMorgan's co-head of Global Markets Sippel will leave, Thakur becomes the sole head.

Meta is in talks to re-register the company in Texas or other states, exiting Delaware.

Meta is reportedly discussing moving its corporate registration to Texas or other states.

OpenAI has launched the reasoning model o3-mini, opening reasoning features to free users for the first time.

Comments

It is unclear how Trump will impose additional tariffs, while economists are analyzing the potential impacts.

Whether Trump is an enemy or a friend relates to which Emerging Markets will emerge as winners.

Chicago Fed President Goolsbee praises progress against inflation but supports a slowdown in the pace of interest rate cuts.

Federal Reserve Governor Bowman: There is hope for more progress in reducing inflation before further interest rate cuts.

Federal Reserve officials: Future assessments of interest rate cuts will consider the impact of Trump's policies on inflation.

The dollar surged as the White House announced that tariffs will begin on Saturday.

Wall Street is closely watching NVIDIA's key technical levels, hoping to emerge from the DeepSeek sell-off and regain glory.

Survey: DeepSeek seems unable to shake the stock prices of the seven giants, and investors do not intend to reduce their shareholding in US stocks.

Venture capital mogul Wolfe: DeepSeek has sounded the alarm for the USA, and the government should increase investment.

JPMorgan strategists: Retail bids in US stocks have reached a two-year high.

US stock market: Trump's "tariff stick" reversed the upward trend of US stocks, causing severe market fluctuations.

New York foreign exchange market: The dollar jumped to a daily high as the White House announced that tariffs will start on February 1.

USA bond market: Treasuries fell at the end of the month, and tariff news became the focus of attention.

Uncertain policies in the USA lead Wall Street to adjust oil price forecasts.

Crude Oil Product: Oil prices slightly decline as Trump's tariff measures stir the market.

Gold prices achieved their best monthly performance in 13 years.

The direction for further easing of monetary policy is clear, according to ECB Governing Council member Villeroy.

Europe's bond market: German bonds rise, achieving the best weekly performance since November.

European stock markets close at record highs, marking the best monthly performance of 2023.

Wells Fargo: Recommends shorting GBP/JPY as the market has not fully digested the policy outlook of the Bank of England and the Bank of Japan.

New York Forex Market: The dollar recorded its largest weekly gain since November 15, affected by the tariff plan.