Group 1 - The geopolitical situation is intensifying, leading to significant increases in the energy and oil & gas sectors, with the Energy ETF (159930) rising nearly 4% and the Oil & Gas ETF (159309) increasing by nearly 3% [1][3] - The Oil & Gas ETF (159309) has seen net inflows for 19 out of the last 20 days, accumulating over 580 million yuan [1] - Major component stocks of the Oil & Gas ETF, such as Sinopec and Guanghui Energy, have shown positive performance, with increases exceeding 2% [3] Group 2 - The international oil price has risen in response to escalating tensions between the U.S. and Iran, with Brent crude oil surpassing $70 per barrel [6] - The geopolitical risks are reflected in oil prices, which are expected to remain strong in the short term due to factors such as U.S. winter storms affecting production and Kazakhstan's oil field recovery being slower than anticipated [5][6] - The Oil & Gas ETF focuses on the upstream and downstream of the oil and gas industry, providing exposure to key sectors with quality reserves and stable dividend capabilities [6][7]

Group 1: Geopolitical Developments - Serbian President Vucic predicts that Iran will face military strikes within 48 hours, linking the timing to Epstein-related documents [1] - Iranian officials deny plans for military exercises in the Strait of Hormuz, stating that reports of such drills are inaccurate [1] Group 2: U.S.-Iran Relations - U.S. President Trump expresses hope for an agreement with Iran, while Iranian Foreign Minister Zarif maintains confidence in reaching a nuclear deal [3][10] - Zarif indicates that Iran is working with regional partners to build trust with the U.S. for negotiations, which have shown some effectiveness [5][11] - Zarif emphasizes the importance of substance over form in negotiations, reiterating Iran's desire for the U.S. to lift long-standing sanctions and respect its rights to uranium enrichment [11] Group 3: Commodity Market Trends - The commodity market experiences a significant downturn, with gold, silver, crude oil, and industrial metals leading the decline due to hawkish expectations from the Fed and a strengthening dollar [12] - A large sell-off in the A-share market sees major indices drop over 2%, with significant losses in resource sectors and semiconductor stocks [12] - Silver and other precious metals face substantial selling pressure, with notable sell orders exceeding 66 billion for Silver [9] Group 4: Company Developments - Tesla announces the upcoming launch of its third-generation humanoid robot, designed to learn new skills by observing human behavior, with an expected annual production of one million units [13]

1. Report Industry Investment Rating - Not provided in the report 2. Core Viewpoint of the Report - On Monday, the HC2605 contract decreased with a reduction in positions. The nomination of Kevin Warsh as the next Fed Chair by President Trump led to a stronger US dollar index, putting pressure on commodities. Technically, the 1-hour MACD indicator of the HC2605 contract shows that DIFF and DEA are adjusting downward with an enlarged green bar. The weekly output of hot-rolled coils increased, with a capacity utilization rate of 78.99% and a production of 309.21 tons. Terminal demand improved while inventory continued to decline. Overall, the downstream demand for hot-rolled coils is resilient, but with the nomination of Kevin Warsh, short-term trading is recommended with attention to risk control [2] 3. Summary by Relevant Catalogs Futures Market - The closing price of the HC main contract is 3,261 yuan/ton, down 27 yuan; the position volume is 1,498,793 lots, down 30,859 lots; the net position of the top 20 in the HC contract is -31,176 lots, up 971 lots; the HC5 - 10 contract spread is -15 yuan/ton, up 8 yuan; the HC warehouse receipt at the SHFE is 204,847 tons, up 9,124 tons; the HC2605 - RB2605 contract spread is 163 yuan/ton, up 3 yuan [2] Spot Market - The price of 4.75 hot-rolled coils in Hangzhou is 3,290 yuan/ton, down 10 yuan; in Guangzhou is 3,260 yuan/ton, down 30 yuan; in Wuhan is 3,310 yuan/ton, unchanged; in Tianjin is 3,160 yuan/ton, down 10 yuan. The basis of the HC main contract is 29 yuan/ton, up 17 yuan; the spread between hot-rolled coils and rebar in Hangzhou is 20 yuan/ton, unchanged [2] Upstream Situation - The price of 61.5% PB iron ore fines at Qingdao Port is 787 yuan/wet ton, down 7 yuan; the price of Hebei quasi-primary metallurgical coke is 1,490 yuan/ton, unchanged; the price of 6 - 8mm scrap steel in Tangshan is 2,170 yuan/ton, unchanged; the price of Hebei Q235 billet is 2,920 yuan/ton, down 20 yuan. The inventory of iron ore at 45 ports is 170.1852 million tons, up 2.5567 million tons; the inventory of coke at sample coking plants is 441,400 tons, up 22,000 tons; the inventory of coke at sample steel mills is 6.784 million tons, up 164,100 tons; the inventory of Hebei billets is 1.5875 million tons, up 25,500 tons [2] Industry Situation - The blast furnace operating rate of 247 steel mills is 79.02%, up 0.36 percentage points; the blast furnace capacity utilization rate is 85.45%, down 0.08 percentage points. The weekly output of hot-rolled coils at sample steel mills is 3.0921 million tons, up 38,000 tons; the capacity utilization rate of hot-rolled coils at sample steel mills is 78.99%, up 0.97 percentage points. The inventory of hot-rolled coils at sample steel mills is 772,500 tons, up 6,100 tons; the social inventory of hot-rolled coils in 33 cities is 2.7833 million tons, down 28,100 tons. The monthly output of domestic crude steel is 6.818 million tons, down 169,000 tons; the monthly net export volume of steel is 1.078 million tons, up 130,000 tons [2] Downstream Situation - The monthly output of automobiles is 3.296 million vehicles, down 235,600 vehicles; the monthly sales volume of automobiles is 3.2722 million vehicles, down 156,800 vehicles. The monthly output of air conditioners is 21.6289 million units, up 6.6029 million units; the monthly output of household refrigerators is 10.0115 million units, up 569,500 units; the monthly output of household washing machines is 11.975 million units, down 38,000 units [2] Industry News - President Trump officially nominated former Fed Governor Kevin Warsh as the next Fed Chair, which triggered hawkish expectations. China's official manufacturing PMI in January was 49.3%, a month-on-month decrease of 0.8 percentage points. The National Bureau of Statistics pointed out that in January, some manufacturing industries entered the traditional off-season, and due to insufficient effective market demand, the manufacturing prosperity level declined [2]

Group 1: Market Overview - The nomination of Kevin Warsh as the Federal Reserve Chairman has triggered hawkish expectations, leading to significant volatility in global assets, with Hong Kong's Hang Seng Index falling below the 20,000 mark [1] - The Hang Seng Index closed down 2.23% at 26,775.57 points, with a total turnover of HKD 34.79 billion [1] - The market correction is viewed as a technical pullback due to the rapid previous gains, with ongoing concerns about the sustainability of market volatility [1] Group 2: Blue-Chip Stocks Performance - Sands China (01928) rose 4.05% to HKD 17.72, contributing 2.66 points to the Hang Seng Index, driven by better-than-expected gaming revenue in Macau [2] - Other blue-chip stocks like Lenovo Group (00992) and Galaxy Entertainment (00027) also saw gains, while China Unicom (00762) and Zijin Mining (02899) faced declines, dragging the index down [2] Group 3: Sector Performance - Large technology stocks experienced declines, with Alibaba dropping over 3% and Tencent over 1%, while gold and other precious metals faced significant sell-offs [3] - The automotive sector showed mixed results, with major players like XPeng and Great Wall Motors declining, while NIO reported a 96.1% year-on-year increase in deliveries [7] - Semiconductor stocks fell sharply, with Huahong Semiconductor down over 11% and other major players also experiencing significant losses [6] Group 4: Commodity Market Impact - The precious metals market saw a sharp decline, with gold prices dropping below USD 4,450 per ounce, marking a new low since January 8 [4] - The recent hawkish stance from the Federal Reserve is expected to influence commodity prices and the performance of the non-ferrous metals sector [4] Group 5: Telecommunications Sector - Major telecom operators, including China Unicom and China Telecom, faced pressure following the announcement of an increase in the VAT rate from 6% to 9%, which is expected to impact their revenues and profits [5] - The adjustment is seen as a clarification of the tax policy rather than an additional burden, potentially leading to improved operational efficiency in the industry [5] Group 6: Notable Stock Movements - MINIMAX (00100) showed strong performance, rising 10.68% to HKD 523.5, attributed to its unique technological capabilities [9] - China National Building Material (03323) issued a profit warning, predicting a loss of RMB 2.3 billion to RMB 4 billion for the year ending December 31, 2025 [10] - China Shenhua (601088) reported an expected profit decline of 10.6% to 18.6% for the fiscal year 2025, reflecting a weak industry outlook [11]

Core Viewpoint - The commodity market experienced a significant decline, with gold, silver, crude oil, and industrial metals leading the drop, indicating investor concerns about a hawkish stance from the Fed and a strengthening US dollar [1][1]. Group 1: Market Analysis - CBA commodity strategist Vivek Dhar noted that the simultaneous sell-off of US stocks and precious metals suggests that investors perceive a more hawkish tone from the Fed [1]. - The strong US dollar has exerted pressure on precious metals and other commodities, including crude oil and base metals [1]. - Dhar maintains his prediction that gold prices will reach $6,000 in the fourth quarter despite the current market turmoil [1]. Group 2: Market Sentiment - The chaotic sell-off in the precious metals market has added tension to a week filled with corporate earnings reports, central bank meetings, and economic data releases [1]. - Dhar emphasized the critical question of whether this marks the beginning of a structural decline in commodity prices or if it is merely a correction, suggesting it is an adjustment and a buying opportunity rather than a fundamental shift [1].

Report Industry Investment Rating - Not mentioned in the report Core Viewpoints of the Report - The market's hawkish expectations have increased after Trump nominated Kevin Warsh as the new Chairman of the Federal Reserve, leading to a decline in precious metal prices. The Fed's January interest - rate meeting kept rates unchanged, the US employment situation has slowed, and Powell indicated that changing economic risks provide more reasons for rate cuts. After Warsh's nomination, the market still expects two rate cuts this year, but there may be a restart of balance - sheet reduction. The US economic data is trending weaker, and there are concerns about the US fiscal situation and the Fed's independence. Central bank gold purchases and de - dollarization remain unchanged. Driven by industrial demand, the silver spot market remains tight, and the mid - term price centers of gold and silver are moving up. The platinum and palladium lease rates remain high, and it is expected that the prices of platinum and palladium will have support at the bottom. It is recommended to pay attention to the US January non - farm payroll data to be released on Friday [10]. - It is expected that the prices will continue to fluctuate and adjust. It is recommended to build positions at low levels after the prices have fully corrected [11]. Summary by Directory 1. Market Review - Due to the increased hawkish expectations after the new Fed Chairman Warsh took office, the price of gold has corrected. As of last Friday, the price of US gold closed at $4,908 per ounce, a weekly decline of 1.5%. The upper resistance level is $5,060, and the lower support level is $4,750 [6]. - Due to the increased hawkish expectations after the new Fed Chairman Warsh took office, the price of silver has significantly corrected. As of last Friday, the weekly decline was 17.4%, and it closed at $85.3 per ounce. The lower support level is $78, and the upper resistance level is $90 [9]. 2. Weekly Viewpoint - Trump's nomination of Kevin Warsh as the new Fed Chairman has led to increased hawkish expectations in the market, causing a correction in precious metal prices. The Fed's January interest - rate meeting kept rates unchanged, the US employment situation has slowed, and Powell said that changing economic risks give the Fed more reasons to cut rates. After Warsh's nomination, the market still expects two rate cuts this year, but there may be a restart of balance - sheet reduction. The US economic data is trending weaker, and there are concerns about the US fiscal situation and the Fed's independence. Central bank gold purchases and de - dollarization remain unchanged. Driven by industrial demand, the silver spot market remains tight, and the mid - term price centers of gold and silver are moving up. The platinum and palladium lease rates remain high, and it is expected that the prices of platinum and palladium will have support at the bottom. It is recommended to pay attention to the US January non - farm payroll data to be released on Friday [10]. - It is expected that the prices will continue to fluctuate and adjust. It is recommended to build positions at low levels after the prices have fully corrected [11]. 3. Overseas Macroeconomic Indicators - The report presents data on the US dollar index, euro - US dollar exchange rate, pound - US dollar exchange rate, real interest rates (10 - year TIPS yield), US Treasury bond yields (10 - year and 2 - year), inflation expectations (10Y), and the Fed's balance - sheet size and its weekly changes, as well as the WTI crude oil futures price trend [14][16][20]. 4. Important Economic Data of the Week - The US December PPI annual rate was 3%, with an expected value of 2.7% and a previous value of 3%. The number of initial jobless claims in the US for the week ending January 24 was 209,000, with an expected value of 205,000 and a previous value of 200,000 [22]. 5. Important Macroeconomic Events and Policies of the Week - US President Trump announced that he will appoint Kevin Warsh to replace Powell as the new Fed Chairman. Warsh advocates for both balance - sheet reduction and rate cuts. He is more dovish than the current Chairman Powell but more hawkish than the previous favorite candidate Hassett. Before and after Warsh's nomination, the market's expectations for Fed rate cuts have changed little. Currently, it is still expected that the next rate cut will be in June and there will be two rate cuts throughout the year, which may be due to Warsh's relatively neutral and "flexible" policy stance [23]. - Tensions in the Middle East and investors' concerns about potential supply disruptions have boosted oil prices. US President Trump has reiterated threats against Iran [23]. 6. Inventory - This week, the COMEX gold inventory decreased by 12,307.14 kilograms to 1,111,906.47 kilograms, and the SHFE gold inventory increased by 1,020 kilograms to 103,029 kilograms. The COMEX silver inventory decreased by 327,770.44 kilograms to 12,624,500.29 kilograms, and the SHFE silver inventory decreased by 126,022 kilograms to 455,068 kilograms [12][27]. 7. Fund Holdings - As of January 27, the net long position of the gold CFTC speculative fund was 206,435 contracts, a decrease of 17,493 contracts from last week. The net long position of the silver CFTC speculative fund was 23,999 contracts, a decrease of 616 contracts from last week [12][32]. 8. Key Points to Watch This Week - On Monday, February 2, at 23:00, the US January ISM manufacturing PMI will be released. - On Wednesday, February 4, at 21:15, the US January ADP employment change will be released. - On Friday, February 6, at 21:30, the US January non - farm payroll change (seasonally adjusted) and the US January unemployment rate will be released [34].

Report Industry Investment Rating - Not provided in the given content Core Views - Last Friday, Wash's nomination as Fed Chair triggered hawkish expectations, leading to an epic plunge in the global precious metals market. COMEX silver futures price dropped by over 35% and fell below the $75/ounce mark, COMEX gold futures price dropped by nearly 13% and fell below the $4,700/ounce mark, and NYMEX platinum and palladium futures prices also dropped by over 20% during the session. Although the precious metals futures prices rebounded slightly at the end of the session, they still recorded the largest single - day decline in history [2][6]. - Although Wash's nomination requires Senate approval, it is basically certain that he will replace Powell whose term ends in May. Wash, an originally hawkish official, may bring significant adjustments to the Fed's policy framework if he takes office. According to Deutsche Bank analysis, his policy may feature a combination of "interest rate cuts and balance - sheet reduction" [3][7]. - In the short term, the market will continue to digest the news of Wash's nomination, revise the previous expectation of significant interest rate cuts by the new Fed. The US dollar index will continue to rebound, and US Treasury yields will rise, putting continuous pressure on precious metals prices. Silver, which has seen a large increase in the previous period, will face greater adjustment pressure [3][10]. Summary by Directory 1. Last Week's Trading Data | Contract | Closing Price | Change | Change Rate (%) | Total Volume (Lots) | Total Open Interest (Lots) | Price Unit | | --- | --- | --- | --- | --- | --- | --- | | SHFE Gold | 1,161.42 | 45.78 | 4.10 | 187,299 | 178,255 | Yuan/gram | | Shanghai Gold T + D | 1,163.99 | 53.64 | 4.83 | 163,308 | 265,356 | Yuan/gram | | COMEX Gold | 4,907.50 | - 75.60 | - 1.52 | | | US dollars/ounce | | SHFE Silver | 27,941 | 4,810 | 20.79 | 522,479 | 634,627 | Yuan/kilogram | | Shanghai Silver T + D | 27,530 | 2,542 | 10.17 | 531,280 | 3,240,738 | Yuan/kilogram | | COMEX Silver | 85.25 | - 18.01 | - 17.44 | | | US dollars/ounce | | GFEX Platinum | 630.55 | - 55.35 | - 8.07 | 40,153 | 10,574 | Yuan/gram | | Platinum 9995 | 638.39 | - 43.11 | - 6.33 | | | Yuan/gram | | NYMEX Platinum | 2,178.20 | - 43.11 | - 21.46 | | | US dollars/ounce | | GFEX Palladium | 464.05 | - 43.11 | - 6.81 | 19,151 | 10,574 | Yuan/gram | | NYMEX Palladium | 1,701.00 | - 43.11 | - 16.90 | | | US dollars/ounce | [4] 2. Market Analysis and Outlook - Wash's nomination as Fed Chair triggered hawkish expectations, causing a sharp decline in the precious metals market. Although prices rebounded slightly at the end, they still recorded the largest single - day decline in history [2][6]. - Wash, an originally hawkish official, may bring significant adjustments to the Fed's policy framework if he takes office. His policy may feature a combination of "interest rate cuts and balance - sheet reduction". However, some senators oppose his nomination [3][7]. - The Fed maintained the benchmark interest rate at 3.50% - 3.75% at the end - of - January meeting, which was in line with market expectations. Fed Chair candidate Waller supports a 25 - basis - point rate cut, consistent with Trump's "appointed" director Milan. The Fed pointed out that the unemployment rate has shown initial signs of stabilization, inflation remains relatively high, and economic prospects are still highly uncertain [8]. - In the short term, the market will continue to digest the news of Wash's nomination, revise the previous expectation of significant interest rate cuts by the new Fed. The US dollar index will continue to rebound, and US Treasury yields will rise, putting continuous pressure on precious metals prices. Silver, which has seen a large increase in the previous period, will face greater adjustment pressure [3][10]. 3. Important Data Information - The number of initial jobless claims in the US for the week ending January 24 was 209,000, higher than the estimated 205,000 and the previous value of 200,000 (revised from 200,000 to 210,000). The number of continued jobless claims for the week ending January 17 was 1.827 million, lower than the market expectation of 1.86 million and the revised previous value of 1.865 million. The four - week moving average of initial jobless claims as of January 24 was 206,250, and the previous value was revised from 201,500 to 204,000 [11]. - The US Senate failed to advance the government appropriation bill passed by the House of Representatives in a procedural vote, and the US federal government is facing another partial "shutdown" crisis. The operating funds of several federal departments will be exhausted on January 30 [11]. - The initial GDP of the eurozone in the fourth quarter of 2025 increased by 1.3% year - on - year, the lowest growth rate for the whole year but higher than the market expectation of 1.2%. Spain's GDP growth led with 2.6%, Germany's growth exceeded expectations at 0.6%, and France's growth of 1.1% was lower than expected [11]. - The year - on - year growth rate of Tokyo's core CPI in January slowed from 2.3% to 2%, lower than the expected 2.2%, and it was the second consecutive month of slowdown, weakening the expectation of the Bank of Japan to raise interest rates [11]. - The World Gold Council shows that in 2025, the gold - buying speed of central banks around the world slowed down by one - fifth to 863 tons, but it was still at a high level by historical standards. It is expected that the gold - buying volume in 2026 will further decline slightly to 850 tons. Meanwhile, retail and institutional investors have become the dominant force in gold buying, with investment demand surging by 84% to a record 2,175 tons, and the gold ETF holdings increased by 801 tons, ending four consecutive years of outflows [12]. 4. Relevant Data Charts - The report provides multiple data charts, including the price trends of SHFE and COMEX gold and silver, the inventory changes of COMEX and LBMA gold and silver, the non - commercial net long positions of COMEX gold and silver, the holdings of SPDR gold and SLV silver, the price differences between Shanghai futures gold and Shanghai gold T + D, Shanghai futures silver and Shanghai silver T + D, the internal and external price differences of gold and silver, the COMEX gold - to - silver ratio, the US inflation expectation, the relationship between gold price and various factors (such as US dollar, copper price, VIX index, crude oil price, US 10 - year Treasury yield, US real interest rate), the Fed's balance - sheet size, the US government debt size, the copper - to - gold ratio, the US dollar index and the euro - to - US dollar exchange rate, the NYMEX platinum and palladium inventory, the NYMEX platinum - to - palladium ratio, and the non - commercial net positions of platinum and palladium futures and options [13][23][33][42][43]

Group 1 - The core viewpoint of the article highlights that the nomination of Kevin Warsh as the Federal Reserve Chairman has triggered hawkish market expectations, leading to a panic sell-off in precious metals [2][5] - On January 30, the prices of gold and silver experienced significant fluctuations, with silver prices plummeting by 35.89% and gold prices dropping by 12.92%, reaching a low of $4682 per ounce [2] - By the close of trading, spot gold was reported at $4880.034 per ounce, marking a 9.25% decline, the largest single-day drop since April 1, 1980, erasing all gains made that week [2] Group 2 - Spot silver recorded a 26.42% drop on a Friday, the largest single-day decline since February 28, 1983, closing at $85.259 per ounce [3] - Analysts believe that Warsh's nomination is perceived as a means to "re-anchor the credibility of the Federal Reserve," rather than an immediate expectation of aggressive interest rate hikes [5] Group 3 - The recent drop in gold prices has led to a corresponding decline in domestic brand gold jewelry prices, with brands like Chow Tai Fook and Lao Feng Xiang reporting significant overnight price drops [7] - Retailers have implemented strict return policies, stating that they do not accept returns for gold products once purchased, with some brands charging a fee for returns [7][9] - Consumers have expressed concerns over high return fees, with some reporting deductions exceeding a thousand yuan for returning gold bars, highlighting a lack of clear communication regarding return policies [9]

Core Viewpoint - The nomination of Kevin Warsh as the Federal Reserve Chairman by President Trump has triggered hawkish expectations in the market, leading to a panic sell-off in precious metals, particularly gold and silver [1][8]. Group 1: Market Reactions - Gold and silver prices experienced significant volatility starting January 30, with silver plunging by 35.89% and gold dropping by 12.92%, reaching a low of $4682 per ounce [1]. - By the end of trading, spot gold closed at $4880.034 per ounce, down 9.25%, marking the largest single-day decline since April 1, 1980, and erasing all gains for the week [3]. - Spot silver fell by 26.42%, the largest single-day drop since February 28, 1983, closing at $85.259 per ounce, after reaching a historical high of $121.6540 per ounce on January 29 [5]. Group 2: Market Analysis - Analysts believe Warsh's nomination is perceived as a move to restore the credibility of the Federal Reserve, challenging the narrative of weakened central bank independence and currency devaluation that had driven investors to precious metals [8]. - The market's expectation that Warsh is more hawkish than other candidates has led to a rebound in the dollar, decreasing the attractiveness of dollar-denominated commodities [8]. - Technical indicators had already signaled that gold and silver were overbought and due for a correction, with gold's Relative Strength Index (RSI) recently hitting 90, the highest level in decades [8]. Group 3: Investment Opportunities - Despite the recent sell-off, some analysts suggest that it is still a good time to buy metals, viewing the drop below $100 as an opportunity, particularly near the 20-day moving average around $93 [9].

Market Overview - Major U.S. indices declined on Friday, with traders betting that Trump's nomination of Waller as Fed Chair would lead to a more hawkish stance from the central bank [1] - The Dow Jones fell by 179.09 points (0.36%) to close at 48,892.47, while the Nasdaq dropped 223.31 points (0.94%) to 23,461.82, and the S&P 500 decreased by 29.98 points (0.43%) to 6,939.03 [1] - This week, the Dow Jones saw a cumulative decline of 0.42%, while the S&P 500 rose by 0.34% and the Nasdaq fell by 0.17% [1] European Market Performance - The DAX 30 index in Germany rose by 268.78 points (1.11%) to 24,562.02, while the FTSE 100 in the UK increased by 57.14 points (0.56%) to 10,228.90 [2] - The CAC 40 in France gained 55.17 points (0.68%) to 8,126.53, and the Euro Stoxx 50 index rose by 58.71 points (1.00%) to 5,950.66 [2] Cryptocurrency Market - Bitcoin returned above $84,000, while Ethereum fell over 4% to $2,707.82 [3] Commodity Market - Spot gold experienced a significant drop, with intraday losses nearing 13%, marking the largest drop since the early 1980s, ultimately closing down 9.14% at $4,885.85 [4] - Silver saw an unprecedented intraday decline of over 35%, closing down 26.19% at $85.266 [4] - Crude oil prices rose, with light crude futures for March delivery increasing by $2.21 (3.5%) to $65.42 per barrel, and Brent crude rising by $2.31 (3.38%) to $70.71 per barrel [5] Federal Reserve and Economic Policy - Hassett supports Waller's nomination and calls for a shift to a more accommodative monetary policy, criticizing the Fed's decision not to cut rates [6] - Fed member Musalem expressed reluctance to support further rate cuts due to inflation being above the target level [7] - Waller indicated that the neutral interest rate is around 3%, suggesting that current rates are still overly restrictive for economic activity [9] Company News - GameStop's CEO Ryan Cohen is considering a major acquisition to elevate the company's market value from approximately $11 billion to over $100 billion [10] - Amazon is seeking an extension from the FCC for its satellite launch deadline due to a shortage of available rockets [10] Analyst Ratings - Jefferies raised the target price for Apple (AAPL.US) from $276.47 to $286.54 [11]