Overnight US stocks | The Nasdaq erased all gains for the year, while gold reached a new historic high.

On Monday, the three major indexes had mixed reactions, with the Nasdaq falling by over 1.2%. The S&P 500 index fell by 0.5%, marking the third consecutive day of decline. [US Stock Market] At the close, the Dow rose by 33.19 points, or 0.08%, to 43461.21 points; the Nasdaq fell by 237.08 points, or 1.21%, to 19286.92 points; the S&P 500 index fell by 29.88 points, or 0.50%, to 5983.25 points. NVIDIA Corporation (NVDA.US) fell by 3%, Tesla, Inc. (TSLA.US) fell by 2%, Berkshire Hathaway (BRK.A.US, BRK.B.US) rose by 4.2%, with Class A shares reaching $747,000 per share, setting a new high. Apple Inc. (AAPL.US) rose by 0.6%. The Nasdaq Golden Dragon Index fell by 5.2%, Alibaba Group Holding Limited Sponsored ADR (BABA.US) fell by over 10%. [European Stocks] The German DAX30 index rose by 161.57 points, or 0.73%, to 22425.86 points; the UK FTSE 100 index fell by 1.06 points, or 0.01%, to 8658.31 points; the French CAC40 index fell by 63.52 points, or 0.78%, to 8090.99 points; the Euro Stoxx 50 index fell by 22.90 points, or 0.42%, to 5452.95 points; the Spanish IBEX35 index rose by 59.33 points, or 0.46%, to 13011.13 points; the Italian FTSE MIB index rose by 72.95 points, or 0.19%, to 38494.00 points. [Asia-Pacific Stock Market] The South Korean KOSPI index fell by 0.35%, and the Indonesian composite index fell by 0.78%. [Cryptocurrency] Bitcoin fell by over 2%, dropping below $95,000. According to foreign media reports, market maker giant Citadel Securities is seeking to become a liquidity provider for cryptocurrencies, hoping that support from US President Trump will bring prosperity to this asset class. This is a major shift compared to the company's previous cautious stance on cryptocurrency market-making. Citadel Securities has limited business in the cryptocurrency trading sector, avoiding exchanges frequented by retail investors due to lack of regulation. According to sources, the company's goal is to join the market-making list of various exchanges, including Coinbase (COIN.US), Binance, etc. [Gold] Spot gold rose by 0.53%, to $2951.50 per ounce, rising to $2956.19 per ounce at 22:05 Beijing time (shortly before the US stock market opening), setting a new historical high. COMEX gold futures rose by 0.49%, to $2967.80 per ounce, rising to $2974.00 per ounce at 22:03, also surpassing the historical high of $2973.40 set on February 20, continuing to be in a "high-level oscillation state" since February 11. [Oil] Light crude oil futures for delivery in April on the New York Mercantile Exchange rose by 30 cents, closing at $70.70 per barrel, up 0.43%; Brent crude oil futures for delivery in April rose by 35 cents, closing at $74.78 per barrel, up 0.47%. [Dollar] The US dollar index, measured against six major currencies, fell by 0.01% on that day, closing at 106.597 in the foreign exchange market. At the end of the New York foreign exchange market, 1 euro exchanged for $1.0475, higher than the previous trading day's $1.0462; 1 pound exchanged for $1.2633, higher than the previous trading day's $1.2630. 1 dollar exchanged for 149.67 yen, higher than the previous trading day's 149.08 yen; 1 dollar exchanged for 0.8966 Swiss francs, lower than the previous trading day's 0.8973 Swiss francs; 1 dollar exchanged for 1.4228 Canadian dollars, lower than the previous trading day's 1.4231 Canadian dollars; 1 dollar exchanged for 10.6493 Swedish Krona, lower than the previous trading day's 10.6520 Swedish Krona. [Macro News] Trump: Tariffs on Canada and Mexico will be imposed on time in March. Trump stated that the tariffs imposed on Canada and Mexico will take effect "on time and as planned," after originally delaying them to March 4. US President Trump said that he expects the tariffs on Canada and Mexico to be implemented next month. Previously, this plan had been postponed to give both countries more time to address his concerns about border security. Trump said at a joint press conference with French President Emmanuel Macron at the White House on Monday, "Tariffs will be imposed on time and as planned." Trump was asked if the tariffs, delayed until March 4, would take effect. Canada and Mexico have implemented new border measures to prevent the implementation of these tariffs. Trump stated that he imposed these tariffs to stop the flow of illegal immigrants and illegal drugs like Fentanyl. Trump also mentioned that he is advancing a so-called reciprocity tariff plan, linking the tariffs and non-tariff barriers imposed by other countries on US goods. Putin: Russia and the US can agree to reduce military by 50% and plan to resume the export of aluminum products to the US. On the 24th local time, Russian President Putin stated that Ukrainian President Zelensky is avoiding peace talks because they would lead to the necessity of canceling the wartime state and holding elections in Ukraine. Currently, Zelensky's approval rating is only half of that of the former commander of the Ukrainian armed forces and current Ambassador to the UK, Salune. He said that the decree signed by Zelensky banning talks with Russia has backed him into a corner. Putin also pointed out that Russia does not oppose Ukraine's national identity, but its territory should not be used as a hostile base against Russia. Putin also stated that European countries should participate in negotiations related to the Ukrainian issue. Substantive discussions on resolving the conflict in Ukraine were not held between him and US President Trump. He also revealed that Russia and the US can agree to reduce military by 50%.PutinHe also said that companies from Russia and the United States have already begun discussing collaboration projects. Russia plans to resume exporting aluminum products to the United States, with an export volume of 2 million tons, which will help stabilize the price of this product.The EU has stated that if Trump takes action on regulations related to large technology companies, the EU will respond quickly. After US President Trump issued a new warning about regulations in the EU's technology industry, the EU Commission stated that if Trump takes any "unreasonable measures," the EU will respond "quickly and decisively." Previously, Trump signed a memorandum last Friday warning that any future fines on US companies could result in tariffs and "other necessary actions to mitigate harm to the US." In the accompanying directive, the US president fiercely criticized the EU's Digital Markets Act and Digital Services Act used to regulate market abuses and online content. [Stock News] Alphabet Inc. Class C (GOOG.US, GOOGL.US) wins cloud contract with Salesforce, Inc. (CRM.US) aiming to compete with Microsoft Corporation. Salesforce, Inc. and Alphabet Inc. Class C have signed a billion-dollar cloud contract, joining forces to attract enterprise customers currently using Microsoft Corporation's productivity and AI products. Salesforce, Inc., which heavily relies on Amazon.com, Inc.'s cloud services, has committed to spend at least $2.5 billion over seven years on Alphabet Inc. Class C's cloud computing services. The agreement will now allow Salesforce, Inc.'s customers to choose to run their customer management software Agentforce, autonomous AI assistant, and Data Cloud products on Alphabet Inc. Class C's cloud. This deal symbolizes large tech companies forming alliances and partnerships to offer customers a wider range of AI-enhanced products and services. Microsoft Corporation, which has a first-mover advantage in enterprise AI, stated that most Fortune 500 companies are already using its AI productivity tools. However, adoption rates sometimes lag behind expectations, leaving an opportunity for Alphabet Inc. Class C supported by Salesforce, Inc.'s market-leading customer management software. Starbucks Corporation (SBUX.US) initiates layoffs of 1,100 employees to improve efficiency. According to reports, Starbucks Corporation is cutting 1,100 corporate positions in a bid to enhance efficiency and rapidly implement changes. The layoffs account for approximately 7% of Starbucks Corporation's global non-store employee workforce. CEO Brian Niccol, who took over in a time of crisis in September last year, announced in January the impending restructuring, with Starbucks Corporation set to close hundreds of vacant and unfilled positions. According to the announcement, affected employees will receive notification by Tuesday. As of September last year, Starbucks Corporation had a total of 211,000 employees in the US, with 95% working in the company's operating 10,000+ stores, and the remaining employees in corporate and other departments. Additionally, Starbucks Corporation will begin requiring vice presidents and above to work in the Seattle or Toronto offices three days a week, while directors and below can retain remote work flexibility, with most future job postings requiring a presence in Seattle or Toronto. Tesla, Inc. (TSLA.US) reportedly preparing to deploy FSD in China in batches for different vehicle models. Insiders revealed that Tesla, Inc. is preparing software updates for Chinese customers to provide driving assistance features similar to "Full Self-Driving" (FSD) in the US market. Tesla, Inc. plans to inform customers that this system will guide vehicles on exit ramps and intersections, recognize traffic signals, make turns, handle lane changes, and changes in speed. These features will be deployed to customers who have already paid 64,000 yuan (8800 USD) for what Tesla, Inc. calls FSD. Insiders say that the feature will be rolled out on some models and gradually expanded.