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On January 30th, US President Trump stated that he would announce his nominee for Federal Reserve Chair on Friday morning local time, marking the end of a months-long selection process that has fueled speculation about the future of the worlds most influential central bank. When asked when he would announce his decision, Trump replied, "Tomorrow morning." Trump is reportedly considering four candidates on his shortlist: National Economic Council Director Kevin Hassett, Federal Reserve Governor Christopher Waller, former Federal Reserve Governor Kevin Warsh, and BlackRock executive Rick Reid. Trump did not reveal his choice, only vaguely stating that it wouldnt be too surprising and would be a well-known figure in the financial world. "Many people thought this person could have been in this position years ago," he said.
January 30th - The Ministry of Transport held a press conference today, announcing that the overall operation of the transportation economy in 2025 was stable and progressing steadily. In terms of commercial freight volume, my countrys commercial freight volume reached 58.7 billion tons in 2025, a year-on-year increase of 3.2%. In 2025, my countrys port throughput grew rapidly, reaching 18.34 billion tons, a year-on-year increase of 4.2%, with domestic and foreign trade throughput increasing by 4% and 4.7% year-on-year, respectively. Container throughput reached 350 million TEUs, a year-on-year increase of 6.8%, with domestic and foreign trade container throughput increasing by 2.4% and 9.8% year-on-year, respectively.
Futures News, January 30th: Positive news boosted gasoline and diesel prices, leading to a significant price increase. Fuel oil market participants are actively pushing for price increases, while downstream businesses are moderately replenishing their inventories. Buying and selling sentiment remains cautious, with refineries reluctant to sell at low prices. It is expected that fuel oil price negotiations will continue to focus on pushing prices higher today.
A chart summarizing the overnight price movements of international spot platinum and palladium.
Asian Stocks: 1. Chinas Shanghai Composite Index closed up 6.75 points, or 0.16%, at 4157.98 on Thursday, January 29; 2. Chinas Shenzhen Component Index closed down 42.82 points, or 0.3%, at 14300.08 on Thursday, January 29; 3. Chinas CSI 300 Index closed up 35.88 points, or 0.76%, at 4753.87 on Thursday, January 29; 4. Chinas ChiNext Index closed down 19.05 points, or 0.57%, at 3304.51 on Thursday, January 29; 5. Chinas STAR Market 50 Index closed down 47.16 points, or 3.03%, at 1507.64 on Thursday, January 29; 6. The Hang Seng Index closed up 141.18 points, or 0.51%, at 27,968.09 on Thursday, January 29. The Hang Seng Tech Index closed down 59.06 points, or 1.0%, at 5,841.1 on Thursday, January 29. European stocks: 1. Germanys DAX 30 index closed down 512.65 points, or 2.06%, at 24,330.89 on Thursday, January 29; 2. The UKs FTSE 100 index closed up 10.57 points, or 0.10%, at 10,165.00 on Thursday, January 29; 3. Frances CAC 40 index closed up 4.68 points, or 0.06%, at 8,071.36 on Thursday, January 29; 4. The Euro Stoxx 50 index closed down 36.54 points, or 0.62%, at 5,896.66 on Thursday, January 29; 5. Spains IBEX 35 index closed down 25.16 points, or 0.14%, at 17,582.44 on Thursday, January 29; 6. The Italian FTSE MIB index closed down 78.23 points, or 0.17%, at 45,060.50 on Thursday, January 29. US stocks: 1. The Dow Jones Industrial Average closed up 55.96 points, or 0.11%, at 49,071.56 on Thursday, January 29; 2. The S&P 500 closed down 9.02 points, or 0.13%, at 6,969.01 on Thursday, January 29; 3. The Nasdaq Composite closed down 172.33 points, or 0.72%, at 23,685.12 on Thursday, January 29.