Market Overview. Trump announced a 10% tariff increase on Denmark and 7 other countries, rising to 25% in June, directly impacting European market sentiment. The three major European stock indices fell in response—Germany's DAX down 1.34%, France's CAC40 down 1.78%—with risk aversion clearly rising.

Commodity markets performed strongly. COMEX gold futures rose 1.77%, silver futures surged by 6.4%, driven by China’s 14 consecutive months of gold accumulation and increasing global demand for precious metals as a safe haven. Regarding silver tokens, any pullback presents a buying opportunity, with a target price of $100.

On the macro front, the IMF raised its global economic growth forecast for 2026 but also warned that inflation pressures and divergence in monetary policies across economies pose significant risks.

The forex and energy markets moved in tandem. US stocks were closed for the holiday, and futures declined over 1% due to European stock weakness. The US dollar index fell 0.32%, and the RMB broke through 6.96 against the dollar. Natural gas futures were particularly strong, rising over 16% intra-day to $3.600 per million British thermal units, as cold weather and European demand drove prices sharply higher.

The technological frontier is expanding. OpenAI plans to launch its first hardware product in 2026, competing with tech giants in the AI hardware race, which is expected to boost related industry chains.

Eurozone data was weaker than expected. December's CPI final was reported at 1.9%, below forecasts, reinforcing market expectations of a rate cut by the European Central Bank in March.