US Supreme Court to rule on tariffs; Fed's Barkin advocates fine-tuning; trading for Zhipu and Tianshu.

U.S. Supreme Court to Announce Ruling on Trump Tariff Case

The U.S. Supreme Court has updated its schedule, with January 9 marked as the opinion release date. This means that Friday could be the earliest time for a ruling on the Trump tariff case. It's important to note that the Supreme Court does not announce in advance which cases will have decisions released. By 10 AM local time on Friday (11 PM Beijing time), justices may announce rulings on all debated cases. Given the expedited review of the tariff case, expectations are high. The main issue at stake is whether Trump's tariffs, declared under the 1977 International Emergency Economic Powers Act (IEEPA) for "national security," are legal.

Diverging Signals from Federal Reserve Officials

Richmond Fed President Barkin emphasized a "delicate balance" in policy to address rising inflation and unemployment, stating that interest rates have reached neutral levels. In contrast, Fed Governor Milan indicated that data supports further rate cuts, potentially exceeding 100 basis points this year.

Metal Market Rally Continues

The metal market is experiencing a surge, with spot silver surpassing $82. Gold recently returned to $4,500, and industrial metals like nickel saw significant gains, with prices rising over 10% at one point. Copper also reached new heights after breaking the $13,000 mark.

Trump Administration Discusses Greenland Acquisition

On January 6, a senior U.S. official revealed that President Trump and his team are exploring various options for acquiring Greenland, including purchasing from Denmark and establishing a free association. Military options are also on the table. The White House views this acquisition as a national security priority.

Central Bank's Monetary Policy Outlook

During the People's Bank of China meeting on January 5-6, it was emphasized that the bank will continue to implement a moderately loose monetary policy, enhance counter-cyclical adjustments, and support high-quality economic development.

China Considers Tightening Rare Earth Export Licenses to Japan

Reliable sources indicate that China is contemplating tightening export license reviews for heavy rare earths to Japan due to recent negative actions by Japan. This follows a prior announcement prohibiting dual-use items from being exported to Japanese military users.

U.S. Stock Market Hits New Highs

On Tuesday, U.S. stock indices closed higher, with the Dow Jones and S&P 500 reaching all-time highs. The Dow rose by 0.99%, while the Nasdaq and S&P 500 increased by 0.65% and 0.62%, respectively. Notable tech stocks showed mixed results, with Tesla down 4.14% and Amazon up 3.38%.

Nvidia CFO Optimistic About Revenue Forecast

Nvidia's CFO, Colette Kress, stated that due to strong demand, the company's revenue forecast has become more optimistic since last October. The projected revenue from data center chips is expected to exceed $500 billion by the end of 2026.

Meta Pauses International Expansion Due to High Demand for Smart Glasses

Meta announced that due to overwhelming demand for its Ray-Ban smart glasses, it will pause its planned international expansion to focus on fulfilling U.S. orders.

Chevron Prepares to Ship Oil to Venezuela

Chevron has booked a small fleet of tankers to ship oil to Venezuela, becoming the only Western company allowed to extract and export oil from the country under U.S. sanctions.

xAI Raises $20 Billion in Funding

xAI has successfully raised $20 billion in its E round of financing, exceeding its initial target of $15 billion. Major investors include Fidelity and the Qatar Investment Authority.

Hong Kong Stock Market Activity

On January 6, southbound funds net bought nearly HKD 2.879 billion in Hong Kong stocks, with significant purchases in Ping An Insurance and Alibaba, while selling off shares in China Mobile and Tencent.

Yadea Holdings Expects Significant Profit Increase

Yadea Holdings anticipates a net profit of no less than RMB 2.9 billion for the year ending December 31, 2025, up from RMB 1.27 billion the previous year, driven by increased sales of electric two-wheelers.

Poly Real Estate Reports Sales Decline

Poly Real Estate Group reported a 10.43% year-on-year decline in contract sales for the first ten months, totaling approximately RMB 43.8 billion.

Weimob Partners with Taobao for Instant Retail

Weimob has entered a strategic partnership with Taobao's instant retail service to explore business cooperation in areas like digital marketing and technology innovation.

Key Economic Data to Watch

Investors should pay attention to the U.S. December ADP employment figures, ISM non-manufacturing PMI, and November JOLTs job openings.