EUR/USD
1.16344
-0.087%
Gold
4663.66
-0.179%
Oil
59.410
0.106%
USD/JPY
158.196
0.047%
GBP/USD
1.34123
-0.095%
GBP/JPY
212.183
-0.038%
Real-time News
On January 20th, a research report from CITIC Securities stated that looking ahead to 2026, the development of computing power is highly certain, supernode technology is poised for a turning point, major companies Capex verification of demand logic, and the increasing competitiveness of domestic computing power manufacturers further strengthens the investment opportunities in domestic computing power chips and domestic system-level manufacturers. Against the backdrop of rapidly improving model capabilities, AI applications are flourishing, and it is recommended to focus on AI applications represented by office, coding, agent, and multimodal applications. Furthermore, with overseas expansion and policy support for domestic demand, AI applications are expected to reach a turning point.The company stated on its interactive platform that it has not yet engaged in any commercial spaceflight-related businesses.On January 20th, a research report from CICC pointed out that the recent accelerated appreciation of the RMB exchange rate is likely due to a seasonal increase in foreign exchange settlement demand in December. Increased corporate funding needs at the end of the year lead to a strong seasonality in foreign exchange settlement, typically accelerating in December and January. On average, from 2013 to 2024, the RMB/USD central parity rate is projected to appreciate by 0.5% and 0.8% in December and January respectively, with probabilities of appreciation of 75% and 67%. Beyond a trade perspective, we believe that assessing exchange rates should also consider the financial cycle perspective.1. US media: Dark Side of the Moons valuation rises to $4.8 billion. 2. US media: OpenAI plans to launch its first hardware device in 2026. 3. MiniMax CEO Yan Junjie attends Premiers symposium, becoming the second AI large-scale model company representative to participate. 4. Musk: AI5s dual-chip collaboration is equivalent to Nvidias Blackwell level. 5. Reports indicate TSMC will invest in building four more advanced packaging facilities in Taiwan this year. 6. Reports indicate SK Hynix completes process upgrade at its DRAM memory wafer fab in Wuxi, Jiangsu, China. 7. Shenzhou-20 spacecraft return capsule successfully lands at Dongfeng Landing Site. 8. New national standards for civilian drones, clarifying registration and activation procedures, are released. 9. Counterpoint: Apples iPhone shipments in China grew by 28% during the holiday season, regaining its number one market position. 1. European stock markets closed lower across the board. The German DAX index fell 1.34% to 24,959.06 points, the French CAC40 index fell 1.78% to 8,112.02 points, and the UK FTSE 100 index fell 0.39% to 10,195.35 points. Market concerns about weakening expectations of a Fed rate cut, weak European economic data, disappointing corporate earnings, and escalating geopolitical tensions fueled risk aversion. 2. The domestic bond market was generally weak and volatile. Most treasury bond futures closed lower, with the 30-year main contract down 0.22% and the 10-year main contract down 0.02%. Yields on most major interbank interest rate bonds rose by less than 1 basis point. 3. International oil prices rose across the board. The WTI crude oil futures contract rose 0.15% to $59.43 per barrel, and the Brent crude oil futures contract rose 0.08% to $64.18 per barrel. 4. All base metals rose in London. LME tin rose 3.87% to $49,840.0/ton, LME nickel rose 3.23% to $18,145.0/ton, LME copper rose 1.44% to $12,987.0/ton, LME aluminum rose 1.01% to $3,165.5/ton, LME lead rose 1.00% to $2,064.5/ton, and LME zinc rose 0.78% to $3,234.0/ton.
