Global news you need to know before the U.S. stock market opens on Tuesday
China's new social financing in December reached 2.86 trillion yuan, with new RMB loans of 990 billion yuan, and the M2-M1 spread narrowed. The U.S. PPI in December was lower than expected! The month-on-month growth rate slowed to 0.2% due to a decline in food prices. According to Jiemian, Biden signed an executive order to promote the construction of artificial intelligence infrastructure. The U.S. NFIB small business optimism index in December was 105.1, reaching a new high since October 2018. The Bank of Japan has continuously signaled, and expectations for interest rate hikes next week are rising, with Japan's 40-year government bond yield hitting a record high. Surveys show that global inflation rates are expected to remain high for many years, weakening the possibility of significant interest rate cuts. The Governor of the Reserve Bank of India indicated that he is open to a more flexible rupee exchange rate. OpenAI released the U.S. AI Economic Blueprint! It fully discusses the national strategic significance of AI infrastructure, and Altman will go to Washington at the end of the month to participate in policy-making work. Driven by Chinese demand, iron ore has once again surpassed the $100 mark. Volkswagen's global delivery volume in 2024 is expected to decline by 2.3% year-on-year, with a 9.5% drop in the Chinese market. In pre-market trading, U.S. Chinese concept stocks and tech stocks rose broadly, the European Stoxx 50 index rose nearly 1%, Bitcoin rose over 3%, the dollar corrected, and gold and crude oil rose slightly. The Nikkei 225 index closed down 1.8%, the Shanghai Composite Index closed up 2.54%, and the Hang Seng Index closed up 1.83%