
Global news you need to know before the U.S. stock market opens on Friday
Nominate Waller, Trump: He will be one of the greatest Federal Reserve chairs! U.S. December PPI year-on-year at 3% exceeded expectations, core PPI year-on-year increased by 3.3%, service costs surged significantly. China Securities Regulatory Commission: Plans to expand the types of strategic investors and clarify the minimum shareholding ratio requirements. State Council Tariff Commission: Starting from February 2, a temporary import tax rate of 5% will be imposed on whiskey. Ministry of Finance: Securities transaction stamp duty is expected to increase by 57.8% in 2025, with approximately 100 billion yuan allocated for childcare subsidies throughout the year. U.S. Senate Democrat member Warren: Suggests Republicans block Waller's nomination until the investigation into Powell is withdrawn. The U.S. may face its first population decline in history this year due to reduced immigration and low birth rates. Economic resilience is highlighted amid trade turmoil, with the Eurozone's Q4 GDP preliminary value at 0.3%, exceeding expectations, and Germany achieving its best quarterly performance in three years. Metal market's "darkest hour": LME delayed opening due to a malfunction, copper prices fell 4% after hitting a historical high. Indonesian stock market's "bloody week": multiple crashes, circuit breakers, and the exchange CEO "resigned in apology." Bank of America Hartnett warns: Global stock markets are trapped in an "overbought" predicament, with technical indicators reaching historic sell signals. Japanese Ministry of Finance data confirms no intervention in the yen exchange rate in January. Waller ignites hawkish expectations, commodities face a Black Friday, silver drops 17% nearing $95, gold prices briefly fell to $4,950, plunging $400 in a single day, and the dollar strengthens. Nikkei 225 index closed down 0.1%, Shanghai Composite Index closed down 0.96%, Hang Seng Index closed down 2.08%
