Category: Flash News

On January 28th, most major European stock indexes closed down, with the German DAX30 index falling 0.5%, the UK FTSE 100 index rising 0.01%, the French CAC40 index falling 0.27%, and the European Stoxx 50 index falling 0.62%.

On January 28th, the European Commission confirmed on the 27th that Tesla and BMW have filed a lawsuit with the European Court of Justice to oppose the imposition of tariffs on electric vehicles imported from China. European Commission spokesperson Olof Gill stated on the same day that the EU has taken note of these cases and will defend itself in court.

On January 28th, NATO Secretary General Rutte visited Lisbon, the capital of Portugal, and met with Portuguese Prime Minister Montenegro. L ü tte called on NATO member states to increase their defense spending to over 2% of their gross domestic product (GDP) at a press conference.

On January 27th, an institutional survey showed that there will be a surplus of 23000 tons of copper materials in the market by 2025; The deficit for 2026 is expected to be 121000 tons. The shortage of aluminum market in 2025 is expected to be 8000 tons; The deficit for 2026 is expected to be 365000 tons. It is expected that the zinc market surplus will be 147000 tons by 2025; The surplus is expected to be 255200 tons in 2026. It is expected that there will be a surplus of 158000 tons in the nickel market by 2025; The surplus is expected to be 122000 tons in 2026.

On January 27th, an institutional survey showed that the average price of spot copper on the London Metal Exchange is expected to be $9425 per ton in 2025, $9800 per ton in 2026, and $9143 per ton in 2024. The average price of spot aluminum on the London Metal Exchange is expected to be $2574 per ton in 2025, $2626 per ton in 2026, and $2418 per ton in 2024. The average price of spot zinc on the London Metal Exchange is expected to be $2895 per ton in 2025, $2800 per ton in 2026, and $2777 per ton in 2024.

On January 27th, Longguang Group Hong Kong released an announcement on the latest progress of overall debt restructuring on the Stock Exchange, stating that after entering into an overall CSA with the creditor group on January 10th, it has received strong support from overseas creditors for the overall restructuring plan in just two weeks. As of January 27th, holding a total principal of $6.207 billion of the company’s “overseas debt” (including existing notes, equity linked securities (ELS), existing loans, and structured financing and secured debt), over 66% of the agreed creditors have joined the overall CSA.

On January 27th, Marc Seidner, Chief Investment Officer (CIO) of Non Traditional Strategy at Pacific Investment Management Company (PIMCO), stated that the Federal Reserve may cut interest rates more aggressively than market expectations, making shorter term US bonds attractive. It is expected that the Federal Reserve will cut interest rates by 25 basis points twice in 2025, possibly in the second half of the year, and there is a possibility of further cuts after that. Our expectation is that the Federal Reserve will ignore tariffs and prevent them from directly affecting policy. We disagree with the market pricing and assumption that Trump’s presidency will definitely push up inflation.

On January 27th, it was reported that on the evening of January 26th local time, the Palestinian Islamic Resistance Movement (Hamas) provided Israel with a list of all detainees to be released in the first phase of the ceasefire agreement in the Gaza Strip. Qatari Foreign Ministry spokesperson Al Ansari announced on the 27th local time that Hamas and Israel have reached an agreement, and Hamas will release Israeli detainees Albil Yehuda and two other individuals before January 31st. According to the current ceasefire agreement, Hamas will also release three other detainees on February 1st. In addition, in the first phase of the ceasefire agreement, Hamas will provide detailed information on the release of detainees every Saturday. In exchange, Israel will allow displaced Gaza residents to return to the northern region of Gaza starting from the morning of the 27th. (CCTV News)

On January 27th, Colombian President Pedro issued a statement on social media in response to US President Trump’s remarks about imposing a 50% tariff on Colombian goods entering the United States. Pedro said, “The retaliatory measures taken by the United States against Colombia do not scare me. Since the United States has imposed a 50% tariff on our products, as a response, I will do the same.” Pedro stated on social media that he has ordered Commerce Secretary Luis Carlos Reyes to increase tariffs on goods imported from the United States by 25%.

On January 27th, personal pension funds were significantly expanded. As of the end of 2024, the number of personal pension funds exceeded 280, with a scale of over 9 billion yuan. Among them, the Y shares of multiple equity index funds added in December 2024 have attracted over 300 million yuan in funds. In the eyes of industry insiders, personal pension funds can bring long-term funds to the market, and in the future, public funds should further improve the investor service system to safeguard the high-quality development of personal pension funds.