February 2 Weekend News Highlights: Trump Signals Negotiations with Iran, OPEC+ Extends Production Pause, Bitcoin Plunges Below $80k

Deep News02-02 06:52

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Last week's market review: US stocks closed lower on Friday, yet all three major indices recorded gains for the month of January.

Among the top 20 US stocks by trading volume on January 31: SanDisk surged over 140% for the month, driven by soaring chip demand.

Popular Chinese concept stocks mostly declined on January 31; TSMC fell 2.65%, and Alibaba dropped 2.69%.

International oil prices edged lower as Trump expressed hope for a deal with Iran.

Gold and silver prices plummeted, with a sell-off sweeping through the metals market.

European stocks achieved their longest monthly winning streak since 2021.

On the macro front, Trump stated he hopes to "make a deal" with Iran.

Trump reiterated his position, stating that an agreement will be reached with Cuba.

A US official claimed the administration has conveyed its willingness to negotiate with Iran through multiple channels.

The US Senate passed a funding bill, yet a brief "technical shutdown" remains unavoidable.

Trump ordered the Department of Homeland Security to refrain from intervening in protests within Democrat-led cities.

Reports indicate the top US and Israeli military leaders met at the Pentagon amid escalating tensions with Iran.

The US described the latest round of talks with Russia as constructive, with Treasury Secretary Besant also present.

Zelenskyy announced that the Ukrainian negotiation team will travel to the location for trilateral Ukraine-US-Russia talks on the evening of the 2nd.

US and Israeli military leaders were reported to be holding intensive talks this weekend, discussing potential strikes against Iran.

The President of Mexico announced plans to provide aid to Cuba and work towards restoring oil supplies.

OPEC+ announced it will continue to pause output increases, refraining from raising crude oil production for March.

In corporate news, SpaceX applied to deploy one million satellites, planning to build solar-powered satellite AI data centers.

Waymo is seeking to raise approximately $16 billion, with a valuation nearing $110 billion.

BlackRock and PIMCO warned about inflation risks that are being widely overlooked by the market.

Jensen Huang stated NVIDIA will participate in OpenAI's latest funding round, potentially the company's largest investment to date.

Apple's earnings were described as "far exceeding expectations."

Binance founder Changpeng Zhao denied allegations of causing a cryptocurrency market crash.

Following a historic price plunge, the CME Group increased margin requirements for gold and silver.

A US judge indicated that xAI's lawsuit accusing OpenAI of stealing trade secrets might fail.

Colgate-Palmolive reported sales growth, but consumer uncertainty cast a shadow over its outlook.

In commentary, Trump's "yo-yo" comments on the dollar reportedly caused US stock investors to flee.

Bitcoin fell below $80,000, hitting its lowest level since April 2025.

After a sharp decline, Indonesia announced it will investigate potential stock market manipulation.

South Korea's Minister of Trade, Industry and Energy stated that "unnecessary misunderstandings" with the US have been resolved.

Is AI disrupting the gaming industry? The launch of Google's "Project Genie" triggered a broad sell-off in US-listed gaming stocks.

Musk responded again to the Epstein documents.

Why did gold and silver plummet overnight, and why did the three major US stock indices fall collectively? What exactly happened?

Analysts declared the precious metals rally over, calling it unprecedented and unlikely to be repeated.

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