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ECB Governing Council member Nagel: The German government's large-scale fiscal stimulus plan was the right thing to do.

Virkkunen, the European Commission’s head of technology, said: “We are analyzing whether the Grok policy changes of the social media platform ‘X’ still violate the EU’s Digital Services Act (DSA).

Bank of America CEO: In the first few weeks of January this year, U.S. consumer spending was 7% higher than in January last year.

On January 21, the Greenlandic Prime Minister stated that although the possibility is slim, the public should begin preparing for a possible military invasion. He warned that such a threat cannot be ruled out given the continued pressure from the United States on the island.

Canadian Prime Minister Carney: Russia poses a real threat in the Arctic.

Syrian Ministry of Defense: A four-day ceasefire will be implemented following a new agreement with Kurdish forces.

Nvidia (NVDA.O) shares fell by about 3%.

Russian Foreign Minister Sergey Lavrov said at his annual press conference in Moscow on the 20th that Russia will continue to seek a solution to the Ukraine issue through diplomatic means.

S&P: Türkiye's banking sector will face a bumpy recovery in 2026.

EU High Representative for Foreign Affairs and Security Policy Karas: The EU has proposed new export restrictions on components that Iran can use to produce drones and missiles.

European Commission President Ursula von der Leyen: New sanctions against Iran are being drafted.

Intel (INTC.O) rose 5.7% after at least two brokerage firms upgraded their ratings on the stock.

On January 20, He Lifeng, member of the Political Bureau of the CPC Central Committee and Vice Premier of the State Council, attended the World Economic Forum Annual Meeting 2026 in Davos, Switzerland, and delivered a speech. In his speech, He Lifeng put forward four points: First, we must firmly support free trade and work together to promote inclusive economic globalization. Second, we must firmly uphold multilateralism and promote a more just and reasonable international economic and trade order. Third, we must adhere to win-win cooperation, strive to expand the pie of cooperation, and jointly solve development problems. Fourth, we must adhere to mutual respect and equal consultation, and make good use of dialogue to properly manage differences and resolve problems. He Lifeng also briefed the participants on the Fourth Plenary Session of the 20th CPC Central Committee, emphasizing that China's development will bring important opportunities to the world, and had in-depth exchanges with international business leaders. He Lifeng also held separate talks with US Treasury Secretary Bessant and UK Chancellor Reeves on the China-US economic and trade consultation mechanism and the China-UK economic and financial dialogue mechanism, exchanging views on relevant issues in the China-US and China-UK economic and trade fields.

On January 20th, Fitch Ratings stated that after three years of economic stagnation, impacted by external shocks and increasingly severe structural challenges, Fitch forecasts significant fiscal easing will drive the German economy back to growth in 2026. Despite risks regarding public spending implementation and private sector response, there is evidence that investment is recovering from its slump. Charles Seville, Senior Director of Fitch's Economics Team, said, "German capital spending has shown signs of recovery, with real investment returning to annual growth for the first time in three years." The construction sector, which accounts for about half of fixed asset investment, returned to positive year-on-year growth in October. Driven by civil engineering and public works activities, the construction purchasing managers' index returned to expansion territory in December for the first time since the beginning of 2022. Furthermore, industrial output, survey data, and order volumes also showed signs of recovery. Industrial output recorded year-on-year growth in November, the only second increase since mid-2023. By the end of 2025, capital goods orders, which typically track investment, and capital goods demand survey indicators linked to production expectations, both showed improvement. Amid persistent external risks, domestic orders have led the recent recovery trend.

Fitch: Germany’s massive fiscal easing policies are expected to propel it back onto a growth trajectory in 2026.

The German DAX index fell by 1.00% on the day.

The main Shanghai silver futures contract fell by more than 2.00% during the day, currently trading at 22,680.00 yuan/kg.

Romania will further assess the invitation from the U.S. Peace Commission before responding.