Spot palladium touched $2,100 per ounce, up 2.56% on the day.

Key News: 1. Trump: We deserve the lowest interest rates in the world; the Fed should cut rates significantly now! 2. The US trade deficit widened by the largest quarter-on-quarter increase since 1992. Stock News: 1. Norway's sovereign wealth fund reduced its holdings in major US tech stocks. 2. US Rare Earth (USAR.O) announced the completion of a $1.5 billion private placement. 3. Amazon (AMZN.O) is in talks to invest over $10 billion in OpenAI. 4. IBM (IBM.N) reported fourth-quarter revenue of $19.69 billion, exceeding IBES's forecast of $19.23 billion. 5. Toyota Motor (TM.N): Global vehicle sales are projected to grow by 4.6% to 11,322,575 units by 2025. 6. Meta Platforms (META.O) reported Q4 2025 net profit of $22.768 billion, exceeding market expectations of $20.99 billion. 7. According to The Information: ByteDance and Alibaba (BABA.N) will launch a new artificial intelligence model in mid-February. 8. Alibaba (BABA.N) is reportedly considering increasing its investment in AI infrastructure and cloud computing from 380 billion yuan to 480 billion yuan over the next three years. 9. Nvidia CEO Jensen Huang stated that Nvidia (NVDA.O) is collaborating with Intel (INTC.O) to develop a custom x86 processor. 10. Nokia (NOK.N) reported fourth-quarter net sales of €6.13 billion, adjusted earnings per share of €0.16, and adjusted operating profit of €1.06 billion. 11. Microsoft (MSFT.O) shares fell 5.6% in pre-market trading after the company reported a nearly 66% jump in second-quarter capital expenditures, but cloud revenue fell short of expectations. 12. Blackstone Group (BX.N) reported fourth-quarter revenue of $4.36 billion, exceeding the expected $3.72 billion; distributable earnings per share were $1.75, and earnings per share were $1.30. 13. Tesla (TSLA.O) reported fourth-quarter revenue of $24.9 billion; net income was $840 million, a 61% year-over-year decrease. Full-year 2025 revenue is projected at $94.8 billion, a 3% year-over-year decrease.

According to Reuters, Nvidia CEO Jensen Huang has arrived in Taipei.