ECB meeting minutes: The fiscal multiplier may be higher than previously assumed, and the eurozone's fiscal stance may be more accommodative.

Domestic News 1. Ministry of Commerce: Resolutely opposes the EU listing some Chinese companies as high-risk suppliers. 2. The first batch of 93.6 billion yuan in ultra-long-term special treasury bonds for 2026 to support equipment upgrades has been allocated. 3. Development Planning Department of the Ministry of Agriculture and Rural Affairs: Various relief policies for the beef, dairy, and cattle industries will continue to be implemented in 2026. 4. The Shanghai Stock Exchange website shows that the IPO review status of Blue Arrow Aerospace Technology Co., Ltd. on the Science and Technology Innovation Board has changed to "under inquiry." 5. The State Council Food Safety Office and other departments will publicly solicit opinions on national standards for pre-prepared vegetables. 6. Pan Gongsheng: Flexible and efficient use of various monetary policy tools such as reserve requirement ratio (RRR) cuts and interest rate cuts; there is still room for further RRR and interest rate cuts this year. 7. People's Bank of China: On January 23, the People's Bank of China will conduct 900 billion yuan of Medium-term Lending Facility (MLF) operations with a one-year term, using a fixed-quantity, interest rate bidding, and multiple-price bidding method. 8. Nine departments, including the Ministry of Commerce, issued opinions on promoting the high-quality development of the pharmaceutical retail industry. International News 1. Greenland's pension fund is reportedly considering whether to continue investing in US stocks. 2. The European Parliament again rejected a vote of no confidence against Ursula von der Leyen. 3. Israeli Air Force Commander: The Israeli Air Force is on high alert. 4. Market news: The European Parliament's Trade Committee will review the US trade agreement next Monday. 5. US Commerce Secretary Rutnick: The US-EU trade agreement is likely to be shelved. 6. US President Trump and representatives from more than ten countries and regions signed documents in Davos, Switzerland, launching the "Peace Committee." 7. Ukrainian President Zelensky: The document to end the Russia-Ukraine conflict is basically ready; Ukraine, the US, and Russia will hold trilateral talks in the UAE on the 23rd. 8. The US November core PCE price index annual rate was 2.8%, and the November core PCE price index monthly rate was 0.2%, both in line with expectations. 9. Greenland issue—① Danish Prime Minister: We did not hold any negotiations with NATO on the sovereignty issue yesterday. ② US Energy Secretary Wright: US military access to Greenland has never been on the agenda. ③ Trump: We will not pay any fees for acquiring Greenland. Any agreement will allow the US "full access" to Greenland, including for military purposes. If Europe sells US assets due to tariff threats, it will face significant retaliation. ④ Market news: Trump's Greenland agreement involves missile deployment, mining rights, and NATO-related matters. The Greenland agreement paves the way for increased NATO presence.

Polish Prime Minister Tusk: We need to protect our relationship with the United States, even if it is more difficult than before.