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

European stocks continue to hit historical highs, with popular Chinese concept stocks surging before the market, Alibaba rising nearly 5%.
The U.S. House of Representatives passed a budget bill aimed at significantly cutting Social Security spending, paving the way for tax reduction plans.
Ukrainian Prime Minister: Ukraine and the U.S. have finalized the mineral agreement, and the Ukrainian government will review it.
South Korea's fertility rate has risen for the first time in nine years, with the number of newborns in 2024 increasing by 8,300 compared to the previous year.
DeepSeek's open platform launched a staggered discount campaign, significantly reducing API call prices.
NVIDIA rose over 2% before the market, and it will release its earnings report after the market today.
Super Micro Computer surged over 27% before the market, as the company previously submitted a delayed financial report, alleviating investors' concerns about its delisting risk.
Lei Jun: Xiaomi's SU7 Ultra has a 90% confidence in achieving the annual sales target of 10,000 units.
Stellantis, the world's fourth-largest automaker, saw its net profit plunge 70% in 2024, with net revenue declining by 17%.
Fitch downgraded Nissan's rating to junk status, with a negative outlook.
BP is returning to the oil and gas business, significantly reducing investments in clean energy.
Lloyds rose over 3.5% before the market, with the company's adjusted earnings per share exceeding estimates in the fourth quarter.
The Nikkei 225 index closed down 0.2%; the Shanghai Composite Index closed up 1.02%; the Hang Seng Index closed up 3.27%