Overnight US stocks | Different trends in risk assets, with three major indexes slightly declining, while Bitcoin surpasses the $95,000 mark.

On Tuesday, the three major indexes saw a slight decline. Trump continued to attack Federal Reserve Chairman Powell, calling him either incompetent or dishonest, saying that he was not doing a good job. The core consumer price index for December in the United States was lower than expected, further boosting market confidence in cooling inflation as the Federal Reserve considers its next interest rate policy direction. Data released by the U.S. Bureau of Labor Statistics on Tuesday showed that the seasonally adjusted core CPI monthly rate was 0.2%, and the annual rate was 2.6%, both 0.1 percentage points lower than market expectations. Overall, both the monthly and annual CPI rates were in line with market expectations. This report indicates that the inflation rate is moving towards the Fed's 2% target, but it is still relatively high. Among the components, housing costs, a key factor with strong inflation stickiness, rose by 0.4%, making it the largest contributing factor to the CPI increase for the month. This category accounts for over one-third of the CPI and rose by 3.2% compared to the same period last year. [US Stocks] At the close, the Dow fell 398.21 points, or 0.80%, to 49191.99 points; the Nasdaq fell 24.03 points, or 0.10%, to 23709.87 points; the S&P 500 fell 13.56 points, or 0.19%, to 6963.71 points. JPMorgan Chase (JPM.US) fell over 4%, Intel Corporation (INTC.US) rose 7.3%, and Alphabet Inc. Class C (GOOG.US) rose 1%. The Nasdaq China Golden Dragon Index fell 1.86%, iQIYI, Inc. Sponsored ADR Class A (IQ.US) fell 3%, and RLX Technology, Inc. Sponsored ADR Class A (RLX.US) rose 2%. [European Stocks] The German DAX30 index rose 32.66 points, or 0.13%, to 25430.43 points; the UK FTSE 100 index fell 7.08 points, or 0.07%, to 10133.62 points; the French CAC40 index fell 11.56 points, or 0.14%, to 8347.20 points; the European Stoxx 50 index rose 14.16 points, or 0.24%, to 6030.46 points; the Spanish IBEX35 index rose 10.46 points, or 0.06%, to 17684.26 points; the Italian FTSE MIB index fell 209.70 points, or 0.46%, to 45522.50 points. [Cryptocurrency] Bitcoin broke through the $95,000 mark, surging over 4.5% intraday; Ethereum rose over 7% to $3332.95. Concept stocks collectively rose, with Strategy (MSTR.US) up over 6.6%, Coinbase (COIN.US) up 4%, and Robinhood (HOOD.US) up over 2.3%. [US Dollar Index] The US dollar index, which measures the US dollar against six major currencies, rose 0.28% on the day, closing at 99.134 in the forex market. At the close of the New York forex market, 1 euro exchanged for $1.1649, down from $1.1672 the previous trading day; 1 pound exchanged for $1.3435, down from $1.3466 the previous trading day. 1 US dollar exchanged for 159.11 yen, up from 158.14 yen the previous trading day; 1 US dollar exchanged for 0.8006 Swiss francs, up from 0.7970 Swiss francs the previous trading day; 1 US dollar exchanged for 1.3887 Canadian dollars, up from 1.3871 Canadian dollars the previous trading day; 1 US dollar exchanged for 9.2132 Swedish kronor, up from 9.1693 Swedish kronor the previous trading day. [Precious Metals] Spot gold slightly fell by 0.22% to $4586.62. [Crude Oil] The price of light crude oil futures for February delivery on the New York Mercantile Exchange rose $1.65 to close at $61.15 per barrel, an increase of 2.77%; the price of Brent crude oil futures for March delivery in London rose $1.60 to close at $65.47 per barrel, an increase of 2.51%. [Macro News] Reports say that the US government is seeking to seize more oil tankers connected to Venezuela. According to four sources, the US government has applied for seizure orders from the court to block several dozen oil tankers connected to Venezuelan oil trade. In recent weeks, the US military and Coast Guard have seized five ships in international waters, either transporting Venezuelan crude oil or having been involved in related transports in the past. In December, Trump imposed a blockade to prevent sanctioned oil tankers from transporting Venezuelan crude oil, nearly stagnating the country's exports. This week, under US supervision, the related transports have resumed. Sources say the US government has filed multiple civil asset forfeiture lawsuits in regional courts to provide legal basis for seizing and confiscating oil goods and ships involved in the trades. The government has submitted dozens of seizure order applications. Powell had already disclosed details of the Fed headquarters project to Congress last year. According to a letter seen by the media, Fed Chair Powell sent a detailed explanation of the Fed's $2.5 billion headquarters renovation project to several senators in July last year, making the Trump administration's claims of misleading Congress more complicated. The four-page letter was sent out two and a half weeks after Powell testified before the Senate Banking Committee about overspending on the project. Currently, Powell is the subject of a Justice Department criminal investigation for his testimony to the committee. Trump and several government officials have accused Powell of misleading Congress on the scale and scope of the renovation. Jeannie Rhee, the federal prosecutor for the District of Columbia overseeing the criminal investigation, said her office issued subpoenas partly to learn more about Powell's testimony to Congress about the project. She stated that her office had requested information multiple times but had not received a response. However, the letter mentioned above shows that Powell had provided extensive responses to the questions raised by lawmakers. Surge in tariff income drives US deficit to three-year low by 2025. Due to a record surge in tariff income, the US annual budget deficit for 2025 has narrowed to $1.67 trillion, the lowest level in three years. Data released by the US Treasury on Tuesday showed a monthly deficit of $145 billion in December, and a cumulative deficit of $602 billion in the first three months of fiscal year 2026 (starting October 1 last year). Tariff income slowed to $28 billion last month, the lowest since July. Although tariffs boosted government revenue, the Trump tax reform law began to have the opposite effect. Data for December showed that corporate income tax receipts fell to $65 billion, a 28% decrease year-on-year. With tax season starting, individual income tax refunds will also be concentrated this month. Tariff income in the year 2025 reached $264 billion, an increase of about $185 billion from the previous year. However, this income may soon be affected by the Supreme Court, which is preparing to rule on the legality of multiple Trump tariff measures. US officials: The US may take concrete action to acquire Greenland within a few months. A senior US official said that the US may take concrete steps to acquire Greenland "in a few weeks or months," although completing any deal will still take longer. Thomas Dans, Trump's Arctic Affairs Commissioner and the main advocate of the proposal, stated that the process could progress quickly but would still need to earn the trust and support of the people of Greenland. Trump has stated that for strategic and security reasons, especially to counter Russia, the US needs Greenland. Although he did not rule out the possibility of using military force, Dans believes that the likelihood of an invasion is low, as the US already controls Greenland's security environment. Currently, the preferred options include buying Greenland outright, seeking other diplomatic arrangements, or encouraging closer ties with the US after Greenland gains independence. Fed's Moulhasalim: Inflation risks are easing, and there is currently no need to further cut interest rates. Fed's Moulhasalim said that inflation risks are easing, and he expects prices to start returning to the Fed's target later this year. Moulhasalim pointed out that after last year's rate cuts, the Fed's monetary policy is in a good position to address risks to price stability or employment. He stated that the current interest rates are close to neutral levels, neither stimulating nor suppressing the economy, and reiterated that there is no need for further rate cuts in the current situation with inflation still relatively high. "I expect inflation to approach our 2% target again this year. The inflation data released today is encouraging in this regard," Moulhasalim said on Tuesday. "I believe the current policy stance is very appropriate, balancing economic expectations and various risks." CME Group Inc. Class A plans to launch 100-ounce silver futures contracts on February 9. CME Group Inc. Class A announced on Tuesday that it plans to launch 100-ounce silver futures contracts on February 9, 2026, pending regulatory approval. Jin Hennig, Managing Director and Global Head of Metals at CME Group Inc. Class A, said, "Against the backdrop of increasing political uncertainty and accelerating energy transition, silver is becoming increasingly popular with retail traders looking to diversify across a broader range of metals. The introduction of 100-ounce silver futures will enhance market participation, enabling more traders to benefit from the liquidity and efficiency offered by our futures markets." JB Mackenzie, Vice President and General Manager of Futures and International Business at Robinhood Markets, pointed out that the introduction of this new futures contract by CME Group Inc. Class A provides customers with a way to participate in silver trading with lower capital thresholds, offering traders greater flexibility. [Stock News] Boeing reverses seven-year decline and surpasses Airbus in sales. Boeing's jet sales in 2025 surpassed Airbus, ending a seven-year decline. The American aircraft manufacturer is currently gradually recovering from a series of tragedies and corporate crises. Boeing said on Tuesday that the company recorded a total of 1175 aircraft orders for the year, exceeding Airbus' announced total of 1000 aircraft sales the day before. Boeing's order statistics include the company's largest ever order, the Qatar Airways order announced during Trump's visit to the Middle East in May this year. Boeing delivered a total of 600 aircraft last year, with 63 delivered in December, the highest monthly delivery for the year. Although the annual delivery total lagged behind Airbus' 793 aircraft, this was still the best performance for the American manufacturer since 2018. With the support of the White House, Boeing's order volume continues to increase. At the same time, the company's financial situation has been strengthened by accelerating production progress after a series of crises. The turbulence began in early 2019 when two deadly 737 Max crashes led global regulators to ground Boeing's primary revenue source. Meta reportedly aims to double production of Ray-Ban AI glasses. Meta Platforms (META.US) is reportedly in discussions with EssilorLuxottica to double the production capacity of AI smart glasses to gain a competitive advantage as Ray-Ban Meta glasses sales continue to rise steadily. The sources revealed that Meta has proposed to increase annual production capacity to 20 million pairs or more by the end of 2026 as Ray-Ban Meta glasses sales have been steadily increasing. These partners have also discussed the possibility of further increasing production capacity to over 30 million pairs if demand supports it, but sources caution that no final decisions have been made.