【Financial Morning Brief | January 9, 2026】

1. S&P 500 closed higher, Nasdaq retreated, Nvidia dropped over 2%, Google hit a new all-time high, defense stocks surged, Lockheed Martin rose over 4%, drone manufacturer Kratos jumped over 10%; crude oil rebounded over 4% during the session.

2. U.S. Treasury Secretary Bessent: The Federal Reserve should not delay rate cuts, the U.S. will lift sanctions on certain Venezuelan entities, and Trump is expected to decide on the Fed chair人选 in January.

3. Federal Reserve Governor Milan: Expected to cut rates by about 150 basis points in 2026, with interest rates 'significantly above neutral levels'.

4. U.S. labor market shows no clear pressure, initial jobless claims rose slightly to 208,000 last week, below the expected 212,000.

5. 1,000 companies 'surrounding' the White House: demanding refund of $100 billion in tariffs; the Supreme Court may issue a ruling this Friday that could determine fate; Bessent said even an unfavorable ruling would not affect tariff revenues.

6. The U.S. Senate passed a procedural vote to seek to limit Trump’s authority to continue military actions against Venezuela.

7. Trump: Hopes to visit Venezuela in the future; the U.S. will continue to 'manage' Venezuela for years and exploit its oil reserves.

8. Trump stated the U.S. must 'own' all of Greenland; media reports indicate U.S. officials met with Danish counterparts on Thursday to temper statements about 'taking over' Greenland.

9. Trump instructed the purchase of $200 billion in U.S. mortgage-backed bonds to lower home buying costs; the Housing Finance Agency said the goal is for Fannie Mae and Freddie Mac to execute the purchases, with a decision on whether the two will go public expected within one or two months.

10. Domestic polysilicon hit the daily limit down, short-term demand in the off-season, inventory hard to clear, policy博弈 returns to supply and demand fundamentals.

11. Vanke officially announced: Yu Liang resigned due to retirement at age.

12. MiniMax received over 1,800 times subscription from retail investors ahead of its listing; Baillie Gifford, GIC, and Norway's sovereign fund have entered.

13. Sinopec and China National Aviation Fuel officially announced restructuring: integrated refining and chemical operations plus full coverage of terminal networks, building a low-cost, high-resilience aviation fuel supply system.

14. Reminder: China's December CPI and PPI data will be released this Friday, along with the U.S. December non-farm employment report; MiniMax is set to list on the Hong Kong Stock Exchange.