
Global news you need to know before the U.S. stock market opens on Wednesday
According to CCTV, the Ministry of Commerce expressed China's concerns regarding the U.S. tariffs on Chinese products exported to the U.S. The two departments: Facilitate foreign investors in mergers and acquisitions in China and increase investment attraction in key areas. The National Financial Regulatory Administration: It is necessary to maintain a stable and effective incremental credit supply for private enterprises. European Central Bank Executive Board Member Schnabel: We are getting closer to the point of pausing or stopping interest rate cuts. UK inflation soared to a 10-month high, and traders reduced bets on Bank of England interest rate cuts. According to CCTV News, the EU approved a new round of sanctions against Russia. JD.com and Meituan announced that they will pay social insurance for delivery riders. According to Bloomberg, Musk's X is reportedly negotiating financing, with a valuation of $44 billion. Nikola's U.S. stock fell over 57% in pre-market trading, as the company filed for bankruptcy in a Delaware court. According to Bloomberg, PRADA is working with advisors to evaluate Versace and is considering a potential acquisition offer. In pre-market trading, most Chinese concept stocks rose, European stocks widened their losses, and spot gold hit a new all-time high. The Nikkei 225 index closed down 0.3%, the Shanghai Composite Index closed up 0.81%, and the Hang Seng Index closed down 0.14%. Reminder: At 03:00 Beijing time the next day, the Federal Reserve will release the minutes of the January monetary policy meeting