[RMB Central Parity Rate in the Interbank Foreign Exchange Market on January 19, 2026] USD/CNY was quoted at 7.0051, down 27 points (RMB appreciation); EUR/CNY was quoted at 8.1097, up 30 points; HKD/CNY was quoted at 0.89828, down 4.9 points; GBP/

The Nikkei 225 index opened down 512.83 points, or 0.95%, at 53,423.34 on Monday, January 19.

International 1. ING: European countries should not react hastily to Trump's tariff threats. 2. Deutsche Bank: Europe holds huge amounts of US assets; the euro's impact from the Greenland crisis may be less than expected. 3. Berenbe: The Greenland dispute has dashed hopes for a calmer trade situation. 4. Pansen Macro: Low German inflation may increase bets on ECB rate cuts. 5. Barclays: Free trade agreements may not offset the drag on India caused by US tariffs. 6. Bank of America: Lower dollar hedging costs may put pressure on the dollar against most currencies this year. 7. Capital Economics: The Greenland tariff threat has limited economic impact but could tear apart transatlantic relations. Domestic 1. CICC: Bullish on aluminum prices and expanding profit margins per ton of aluminum, anticipating a revaluation opportunity in the electrolytic aluminum sector. 2. CITIC Securities: Expects further upward pressure on US inflation to be manageable. 3. CITIC Securities: Trump did not choose Hassett; Powell may completely withdraw from the Fed. 4. CITIC Securities: Adjustments to margin requirements will not affect the overall upward trend of the market, but will impact its structure. 5. CITIC Securities: The second inflection point has arrived; tumor gene testing is on the eve of a surge. 6. CITIC Securities: The global rare earth supply-demand gap is expected to continue to widen from 2026 onwards. 7. CITIC Securities: State Grid's investment plan solidifies the expectation of steady growth during the 15th Five-Year Plan period. 8. CITIC Securities: The securities industry is expected to see significant structural opportunities in investment banking, derivatives, and other business areas. 9. Galaxy Securities: The foundation for a long-term bull market and a slow bull market in A-shares has been further solidified. 10. China Merchants Securities Strategy: After reaching new highs, A-shares are expected to enter a period of consolidation. 11. Huatai Securities: Copper prices may continue to strengthen, targeting $15,000/ton. 12. Huatai Macro: If the US imposes tariffs on NATO members...