Alphabet (GOOG.O) shares extended gains to 3.3% in after-hours trading, after falling more than 6% following the release of its earnings report.

[Futures Hotspot Tracking] Precious metals rebounded after a decline, with Shanghai silver futures rising nearly 8%. The renewed geopolitical tensions and positive macroeconomic factors have combined to drive precious metals to rebound. Analysts say that under the dual effects of risk aversion and expectations of easing, precious metals may maintain a high volatility and wide range of fluctuations in the short term.

Domestic News: 1. On the evening of February 4th, President Xi Jinping spoke by phone with US President Trump. 2. President Xi Jinping held a video conference with Russian President Putin at the Great Hall of the People in Beijing. 3. The Ministry of Commerce stated that China is highly concerned and strongly dissatisfied with the EU's frequent use of the Foreign Subsidies Regulation (FSR) investigation tool to launch investigations against Chinese companies. 4. The Ministry of Culture and Tourism announced that it will soon resume tourism for Shanghai residents to Kinmen and Matsu. 5. An expert seminar on the "15th Five-Year Plan for the Development of the Gold Industry (Draft for Discussion)" was held in Beijing. 6. The People's Bank of China held its 2026 Credit Market Work Conference, focusing on supporting key areas such as expanding domestic demand, technological innovation, and small and micro enterprises. 7. The National Healthcare Security Administration conducted collective talks with designated medical institutions providing medical insurance for mental illnesses. International News: 1. Reuters survey: Gold prices may reach new highs in 2026. 2. The US Department of Labor resumed full normal operations on February 4th. 3. US January ADP employment figures fell short of expectations. 4. Nasdaq plans to introduce new "fast-track" inclusion rules to address large IPOs like SpaceX. 5. The US Treasury maintains its debt issuance strategy, continuing its two-year-old forward guidance. 6. The White House: Despite Iran's requests for adjustments to the location and format of the talks, the US-Iran talks are still scheduled for this week. The US retains the military option. 7. Reportedly, Iranian armed speedboats attempted to stop a US oil tanker in the Strait of Hormuz but failed.