Domestic News:
1. He Lifeng meets with the head of the National Committee on U.S.-China Relations.
2. China will continue to extend its visa-free policy for Spain.
3. China Securities Regulatory Commission: Overseas investors hold over 3.5 trillion yuan worth of A-shares.
4. National Energy Administration issues guiding opinions on promoting the integrated development of new energy.
5. Luckin Coffee CEO: Actively pushing for a return to the U.S. main board listing.
6. China Photovoltaic Industry Association declares: Rumors circulating online are all false.
International News:
1. According to Nikkei: Japan is considering at least doubling its departure tax.
2. White House: October non-farm payroll and inflation data may never be released.
3. Ukrainian Foreign Ministry: No peace talks with Russia until at least the end of the year.
4. Anthropic: Will invest $50 billion in the U.S. to build data centers.
5. U.S. Treasury Secretary Bessenter: Tariff reductions for coffee and other goods will be announced in the coming days.
6. The U.S. House Majority Leader revealed that the House will hold a full vote on a bill to end the government shutdown at 8:00 AM Beijing time on the 13th.
7. Overnight Market Updates—The USD/JPY pair briefly rose above 155, the first time since February; international crude oil prices fell by 4%, with the WTI crude oil spot price spread turning into a premium for the first time since February; spot gold surged above $4200, and spot silver jumped 4.5%, nearing a new high.
8. Federal Reserve—
① The U.S. Supreme Court will hold oral arguments on January 21st regarding Trump's request to fire Federal Reserve Governor Cook.
② Atlanta Fed President Bostic unexpectedly announced his retirement in February, reiterating his hawkish stance hours later. The market anticipates a dovish successor under Trump.
③ White House official Hassett: He hopes the Fed will cut interest rates by 50 basis points, but expects only a 25 basis point cut. He would accept the position of Fed Chair if necessary.
④ Williams: The time to restart bond purchases is getting closer (SOMA managers share this view), but this is merely a technical measure.
⑤ Collins: The Fed is likely to keep interest rates at current levels for some time. The labor market has not deteriorated, and inflation needs to be sustainably returned to 2% before cutting rates.
⑥ The four regional Fed presidents with voting rights are not enthusiastic about another rate cut in December.
