Global news you need to know before the U.S. stock market opens on Wednesday

All lines exceed expectations! The U.S. January CPI year-on-year growth rate rose to 3%, and the core CPI increased by 0.4%. Inflation exceeds expectations across the board! U.S. stock futures plummeted, U.S. Treasury yields surged, and the dollar index rose sharply in the short term. Traders expect the Federal Reserve to only cut interest rates once in 2025, and that will be at the end of the year. India's January CPI year-on-year is 4.31%, marking a decline for the third consecutive month. Report: Hon Hai stated that it does not rule out acquiring Nissan shares held by Renault. SoftBank's Q3 losses far exceeded expectations, with fund investment losses reaching 352.75 billion yen for the quarter, ending two consecutive quarters of profit. Goldman Sachs and Jefferies upgraded SMIC's AH stock rating to Buy, with the company's shareholder meeting expecting a not-so-weak first quarter off-season. BeiGene's U.S. stock pre-market fell more than 6%, with Q4 adjusted earnings per share growing 17% year-on-year, and this year's earnings forecast falling short of expectations. Baidu rose more than 2% in pre-market trading, with reports stating that Baidu will release a new generation of artificial intelligence models in the second half of this year. OPEC maintains its global crude oil demand growth rate unchanged for this year and next. The Nikkei 225 index closed up 0.4%; the Shanghai Composite Index closed up 0.85%; the Hang Seng Index closed up 2.64%