GuShiio.com ① Trump: Reciprocal tariffs will be announced on multiple countries next week;
② Trump: Musk has been instructed to review U.S. Department of Defense spending;
③ Most popular Chinese stocks rose, with the Nasdaq China Golden Dragon Index rising 1.35%;
④ The EU plans to cut U.S. car import tariffs.
Overnight stock market
On Friday, the three major U.S. stock indexes closed down collectively, with the Nasdaq falling 1.36%, down 0.53% this week; the Dow falling 0.99%, down 0.54% this week; the S & P 500 Index falling 0.95%, down 0.24% this week.
Most popular Chinese stocks rose, with the Nasdaq China Golden Dragon Index rising 1.35%. Futu Holdings rose more than 8%, Tiger Securities rose more than 6%, Ideal Car rose more than 4%, Alibaba rose more than 3%, iQiyi and Beili Bilili rose more than 2%, and Pianduo rose more than 1%.
Major European stock indexes closed down collectively, with Germany’s DAX30 index down 0.53%, Britain’s FTSE 100 index down 0.31%, France’s CAC40 index down 0.43%, and Europe’s Stoxx 50 index down 0.58%.
commodity market
COMEX gold futures rose 0.35% to US$2,886.8 per ounce, up 1.83% this week. COMEX silver futures fell 1.28% to US$32.21 per ounce, down 0.15% this week.
The international crude oil futures settlement price closed up slightly. WTI March crude oil futures closed up US$0.39, or 0.55%, at US$71/barrel, down 2.11% this week. Brent April crude oil futures closed up US$0.37, or 0.5%, at US$74.66/barrel, down 1.33% this week.
market news
[Trump: Reciprocal tariffs will be announced on multiple countries next week]
On Friday local time, U.S. President Trump said he plans to announce “reciprocal tariff” measures next week, which means a significant escalation of the trade war between the United States and its economic partners. Trump made the unexpected announcement when meeting with visiting Japanese Prime Minister Shigeru Ishiba that day. He did not say which countries would be affected, but claimed that the action would affect “everyone.” Trump told reporters in the Oval Office: I will announce a reciprocal tariff policy next week to ensure that we are treated equally with other countries. We neither seek more nor accept less. quot; Trump also said he was considering imposing tariffs on cars. quot; This option is always on the negotiating table and is of great importance. We must achieve trade parity.” quot;
[Trump: Musk has been instructed to review U.S. Department of Defense spending]
U.S. President Trump said on February 7 local time that he had instructed the Department of Government Efficiency team led by Elon Musk to review the expenditures of the U.S. Department of Defense. On January 20, local time, U.S. President Donald Trump signed an executive order on the day he was sworn in to form an advisory committee called the “Department of Government Efficiency (DOGE)” with a view to initiating major reforms to the federal government.
[It is said that SoftBank will bring huge sums of money into the game, OpenAI’s valuation is expected to rise to 300 billion]
Sources revealed that Japan’s Softbank Group is about to finalize a US$40 billion investment in the U.S. company OpenAI. The source added that SoftBank will pay the funds over the next 12 to 24 months, with the first payment due as early as this spring. OpenAI was valued at US$260 billion before the investment and will reach US$300 billion after the investment. At the end of last month, it was reported that the original target valuation of this round of financing was US$340 billion, but sources recently said that this figure would be close to US$300 billion.
[The European Bank for Reconstruction and Development has provided more than 6.2 billion euros in financing to Ukraine]
The European Bank for Reconstruction and Development issued an announcement on February 7 local time stating that since the Russia-Ukraine conflict, the European Bank for Reconstruction and Development has provided more than 6.2 billion euros in financing to Ukraine. European Bank for Reconstruction and Development President Otil Reno-Basso visited Kiev this week and held talks with Ukraine President Zelensky and his government officials.
[U.S. President Trump said he expects to meet with Uzbek President Zelensky next week]
U.S. President Trump said he expects to meet with Ukraine President Zelensky next week and “possibly” hold talks with Russian President Vladimir Putin. Trump said he wanted to discuss U.S. financial and military support to Ukraine in the Russia-Ukraine conflict and would ask Zelensky to ensure the safety of all assets.
[Seven cases of avian influenza were found in New York State, USA, and live poultry markets in some areas will be closed for a week]
New York State government officials said on February 7 local time that after seven cases of avian influenza were found in live poultry markets in Brooklyn, the Bronx and Queens of the state, New York City, Long Island and Westchester Counties Live poultry markets will be closed for a week. It is understood that the order requires these markets to close after completing cleaning and disinfection procedures.
[EU plans to cut U.S. car import tariffs to avoid a trade war imminent]
A senior European lawmaker said the European Union will propose cuts in U.S. car import tariffs as part of a deal to avoid a trade war with Trump. Bernard Lange, chairman of the European Parliament’s Trade Committee, is familiar with negotiations with the White House to ease tensions, revealing that the EU is willing to reduce the 10% import tariff closer to the 2.5% level imposed by the United States. He said: “We can try to reach an agreement before costs and tariffs go up. The EU will also propose to purchase more liquefied natural gas and military equipment from the United States.”
[Trudeau warns: Trump is not kidding, he really wants to annex Canada]
Canadian Prime Minister Trudeau warned on Friday that Trump really wants to annex Canada, and he had not been joking before because he wanted the United States to control Canada’s rich natural resources. At a closed-door meeting in Toronto that morning, Trudeau told a group of business leaders: “I think the Trump administration not only clearly knows how much critical minerals we have, but may even be for this reason that they keep talking about annexing us and making us the 51st state of the United States.” He added: “They know what we have and they really want to benefit from it. But what Trump has in mind is that one of the easiest ways to achieve that goal is to annex Canada, and that’s a real idea.”
