The Dow Jones Industrial Average opened 70.96 points higher, or 0.14%, at 49,513.40 on Friday, January 16. The Nasdaq Composite Index opened 103.71 points higher, or 0.44%, at 23,633.73 on Friday, January 16. The S&P 500 Index opened 17.22 points hig

Bank of America raised its target price for LVMH from €675 to €750.

Domestic News: 1. Premier Li Qiang chaired an executive meeting of the State Council, hearing reports on the progress of the special campaign to boost consumption and studying measures to accelerate the cultivation of new growth points in service consumption. 2. The head of the Department of American and Oceanian Affairs of the Ministry of Commerce interpreted the results of the China-Canada trade consultations: Recently, both sides conducted multiple rounds of intensive consultations at various levels on trade and economic issues of mutual concern, and made some specific arrangements for properly resolving trade and economic issues in areas such as electric vehicles, steel and aluminum products, rapeseed, and agricultural and aquatic products. 3. Tax authorities reminded taxpayers to conduct self-inspections of their overseas income over the past three years. 4. The National Robotics Standardization Committee's Working Group on Commercial Community Service Robots was established. 5. The Ministry of Finance and the State Taxation Administration: The preferential tax policy for public rental housing will continue to be implemented. 6. The China Securities Regulatory Commission (CSRC) held its 2026 system-wide work conference, adhering to the principle of stability and consolidating the positive momentum of the market. 7. The CSRC solicited draft regulations for the supervision and management of derivatives trading: Counter-cyclical adjustment management can be implemented for derivatives trading. 8. The static ignition test of the new-generation four-meter-class reusable Long March 12B carrier rocket was a complete success. International News: 1. Trump will announce his 401(k) housing investment plan next week in Davos. 2. Reports indicate that the Trump administration will sign an agreement to curb electricity prices. 3. European benchmark natural gas prices surged by as much as 10%, reaching a new high since June last year. 4. Nvidia corrected errors in a technical paper, significantly reducing its data center copper usage. 5. Hassett downplayed the criminal investigation against Federal Reserve Chairman Powell; he stated that if appointed Fed chairman, he would commit to maintaining the Fed's independence. 6. Iran Situation - Kremlin: Russian President Putin spoke with Iranian President Pezechzian by phone. Putin also spoke with Netanyahu about the situation in Iran. US Presidential Envoy: The US prefers to resolve tensions with Iran through diplomatic means. According to Axios: The head of Israel's intelligence agency Mossad visited the US to hold talks on the Iran issue. According to US sources, the US military is deploying more defensive and offensive capabilities to the region in order to act swiftly should Trump order a strike.