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Ukrainian President Zelensky: The security assurance documents we provided are 100% ready.
U.S. Treasury Secretary Bessenter: We will eventually end the Russia-Ukraine conflict.
January 25th - For most of the past three years, the so-called "Big Seven"—Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla—have led the stock market rally. However, this trend reversed at the end of 2025 as Wall Street began to question the hundreds of billions of dollars these companies have invested in developing artificial intelligence and when those investments would pay off. An index tracking the Big Seven hit a record high on October 29th, and since then, five of the Big Seven companies have seen their share prices decline and lag behind the S&P 500. During this period, only Alphabet and Amazon, with gains approaching 20%, have maintained their upward trend. Darrell Cronk, Chief Investment Officer of Wells Fargo Wealth and Investment Management, stated, "Tech stocks have become a 'performance-driven' story. If big tech companies continue to deliver strong results, I think money will flow back into the tech sector." Next week, Microsoft, Apple, Tesla, and Meta will release their earnings reports, providing insights into the health of industries ranging from cloud computing and electronics to software and digital advertising.
On January 25th, Saudi real estate developers' shares saw their biggest gain in four months, boosted by the formal implementation of new regulations allowing foreigners to own a wider range of local real estate assets. On Sunday, the Saudi Stock Exchange's Real Estate Management and Development Index surged 4.5%, with all 17 constituent stocks rising. Mecca Construction and Development Company led the gains with approximately 10%, followed closely by Al-Aqen Real Estate. Fadi Arbid, Founding Partner and Chief Investment Officer of Amwal Capital Partners, stated, "This is a market craving good news. Opening up the real estate market to foreign investment, especially in Mecca and Medina, is clearly a good thing." While specific details regarding foreign ownership rules are scarce, Saudi Arabia's latest announcement indicates that the country is moving forward with plans to allow foreigners to own residential, commercial, agricultural, and industrial properties. Under the new law, non-Saudi citizens can also purchase land. As part of efforts to reduce dependence on oil and diversify its economy, Saudi Arabia approved a comprehensive revision of its property ownership law last July, aiming to attract foreign buyers to the Gulf region's largest economy and accelerate necessary infrastructure development.
Monday: ① Data: Germany's January IFO Business Climate Index; US November Durable Goods Orders (MoM); US January Dallas Fed Business Activity Index; China's December Year-to-Date Power Generation Capacity. ② Events: 200 billion yuan of 1-year Medium-term Lending Facility (MLF) and 158.3 billion yuan of 7-day reverse repos mature today; the China Academy of Information and Communications Technology holds the 2026 "Star Computing & Intelligent Connectivity" Space Computing Power Seminar. ③ Holidays: The Sydney Stock Exchange and the National Stock Exchange of India are closed. Tuesday: ① Data: US November FHFA House Price Index (MoM); US November S&P/CS 20-City Composite Home Price Index (YoY, Unadjusted); US January Conference Board Consumer Confidence Index; US January Richmond Fed Manufacturing Index. ② Earnings Reports: Boeing, General Motors. Wednesday: ① Data: US API crude oil inventories for the week ending January 23; Australia's December unadjusted CPI year-on-year rate; Germany's February GfK consumer confidence index; Switzerland's January ZEW investor confidence index; US EIA crude oil inventories for the week ending January 23. ② Events: Bank of Canada releases interest rate decision and monetary policy report. ③ Earnings reports: Meta, Microsoft, Tesla (after market close). Thursday: ① Data: Switzerland's December trade balance; Eurozone's January industrial and economic sentiment indices; US initial jobless claims for the week ending January 24; US November trade balance; US November factory orders month-on-month; US November wholesale sales month-on-month; US EIA natural gas inventories for the week ending January 23. ② Events: Federal Reserve FOMC releases interest rate decision; Federal Reserve Chairman Powell holds a monetary policy press conference. ③ Earnings reports: Apple (after market close). Friday: ① Data: Japan's December unemployment rate; France's preliminary Q4 GDP annual rate; Switzerland's January KOF Leading Economic Index; Germany's January seasonally adjusted unemployment figures, Germany's January seasonally adjusted unemployment rate, and Germany's preliminary Q4 unadjusted GDP annual rate; UK's December Bank of England mortgage approvals; Eurozone's preliminary Q4 GDP annual rate and Eurozone's December unemployment rate; Germany's preliminary January CPI monthly rate; Canada's November GDP monthly rate; US December PPI data and US January Chicago PMI. Saturday: ① Data: US total oil rig count for the week ending January 30; China's official January manufacturing PMI. ② Events: 2028 FOMC voting member and St. Louis Fed President Musalaim speaks on the US economy and monetary policy; CFTC releases weekly positioning report.
On January 25, local time, Mohshinni Sani, a member of the Iranian Parliament's National Security and Foreign Policy Committee, stated in an interview that the Iranian armed forces have entered a state of full alert in response to the current military deployments of adversaries. Sani emphasized that Iran is continuously monitoring all hostile movements in the region, and the military is "hands on the trigger," ready to respond at any time. In the event of any form of aggression, Iran will launch a fierce counterattack, its strikes encompassing everything from the Strait of Hormuz to all US interests in the region, and its retaliatory measures will exceed the enemy's expectations.
January 25th - Starting from midnight on January 26th, a new train schedule will be implemented nationwide. After the adjustment, the national railway network will operate 12,130 scheduled passenger trains, an increase of 243 trains compared to the previous schedule; and 23,748 freight trains, an increase of 177 trains compared to the previous schedule. The national railway's passenger and freight transport capacity and efficiency will be further improved, and the supply of transport products will be continuously optimized, better serving the high-quality development of the economy and society.
On January 25th, Tencent officially announced a Spring Festival event, distributing 1 billion yuan in cash red envelopes to users on the Yuanbao App. Individual red envelopes can reach tens of thousands of yuan. Meanwhile, the "2025 Second Half AI Application Interaction Innovation and Ecosystem Implementation Report" shows that among all AI-native apps in the market, the top four in terms of weekly active users are Doubao, DeepSeek, Yuanbao, and Ant Afu, with Alibaba's Qianwen ranking fifth.
Conno Biopharmaceutical Co., Ltd.-B has submitted a listing application to the Hong Kong Stock Exchange, with SDIC Securities International as the sole sponsor.
On January 25th, Sergei Naryshkin, Director of the Russian Foreign Intelligence Service, stated in an interview with Sputnik News that the Russian military is advancing across the entire front, the domestic military-industrial complex is accelerating its development, and the economy is demonstrating resilience. Previously, Naryshkin pointed out that although the public "curse" of a "strategic defeat" against Russia has subsided, the most anti-Russian circles in Europe are continuing down this path, intending to prolong the conflict until "the last Ukrainian soldier." On December 29, 2025, Russian President Vladimir Putin stated that the Russian armed forces are making steady progress.
On January 25th, Aichip Semiconductor Co., Ltd. passed the Hong Kong Stock Exchange's listing hearing and plans to list on the main board. The company focuses on edge AI chip design, relying on its self-developed AI-ISP and mixed-precision NPU core technologies. Its products are widely used in smart cars, edge computing, and other fields. According to industry reports, in 2024, it held a 24.1% global market share in mid-to-high-end vision-side AI inference chips, ranking first, and has grown into China's second-largest domestic supplier of intelligent assisted driving chips.
Iraq's Ministry of Oil: Total oil exports in December amounted to 107.651 million barrels.
Kremlin: The Russian military will closely monitor the U.S. "Golden Dome" project.
Kremlin: Russia will never discuss any issues with EU High Representative for Foreign Affairs and Security Policy Karas, and will only wait for her to leave office.
January 25th - Following the reciprocal visits by the leaders of China and South Korea, bilateral relations have further improved. Coupled with China's extension of its visa-free policy for South Koreans, demand for travel to China from South Koreans has surged. According to Yonhap News Agency on the 25th, the South Korean travel industry is intensifying its marketing efforts to seize market opportunities. One South Korean travel agency stated that from January 5th to 21st, the number of people booking travel products to China reached 7,351, a significant increase of 87.8% year-on-year. The report also stated that many South Korean travel agencies are comprehensively adjusting and expanding their travel products, refining their offerings for different age groups and consumer demographics, and launching various targeted travel packages.
Russian Deputy Foreign Minister: There has been no progress in dialogue with the United States on issues such as diplomatic property.
The China Earthquake Networks Center officially determined that a magnitude 2.4 earthquake occurred at 18:18 on January 25 in Leting County, Tangshan City, Hebei Province (39.28 degrees north latitude, 118.86 degrees east longitude), with a focal depth of 15 kilometers.
Kremlin: Trump's actions are inconsistent with Russia's policy of building a multipolar world.
January 25th - According to South African media reports on the 23rd, the World Economic Forum Africa Summit will resume after a seven-year hiatus and will be held in South Africa in April 2027. Chido Muniati, Head of Africa at the World Economic Forum, stated during the World Economic Forum Annual Meeting 2026 in Davos, Switzerland, that the summit will resume in 2027, with Johannesburg or Cape Town, South Africa, expected to be the host city.
Sources say the Caspian Pipeline Consortium's (CPC) Single Point Mooring Terminal 3 (SPM-3) has been activated after maintenance and is ready to resume crude oil loading.
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