Bitget UEX Daily Report | The U.S. imposes tariffs on eight European countries, causing a rebound; gold and silver hit new highs; U.S. PCE data to be released (January 19, 2026)

Author: Bitget

I. Hot News

Federal Reserve Dynamics

The Federal Reserve favors inflation indicators about to be released

• The market is closely watching this week's Personal Consumption Expenditures (PCE) price index data as a core reference for the Federal Reserve's assessment of inflation.

• Third-quarter GDP data is expected to confirm a 4.3% growth in the U.S. economy, but mixed signals from the job market may affect the interest rate path.

• Analysis shows that this data may exacerbate fluctuations in expectations for the Federal Reserve to cut rates in 2026, potentially boosting demand for safe-haven assets.

International Commodities

Gold and silver hit historical highs simultaneously

• Affected by geopolitical tensions and dollar fluctuations, gold closed at $4667.55 per ounce, up 1.58%; silver closed at $93.74 per ounce, up 4.23%.

• Analysts point out that persistent risk aversion is driving precious metals higher, with silver prices expected to soar further in 2026.

• This dynamic may stimulate volatility in the commodity market, and investors should be wary of short-term pullback risks.

Macroeconomic Policy

Trump announces tariffs on eight European countries

• Due to the Greenland issue, the U.S. will impose a 10% tariff on exports to Denmark, Norway, Sweden, France, Germany, the UK, the Netherlands, and Finland starting February 1, increasing to 25% on June 1.

• The joint statement from the eight countries states that this move undermines transatlantic relations and may trigger a vicious cycle.

• The policy may exacerbate global trade tensions, affect stock markets, and raise inflation expectations.

II. Market Review

• Spot Gold: +1.39%, rising for several consecutive weeks, supported by safe-haven demand.

• Spot Silver: +3.30%, breaking through the $90 mark, with panic buying flooding the market.

• WTI Crude Oil: +0.03%, pressured by ample supply and uncertain demand.

• U.S. Dollar Index: -0.16%, facing resistance after a three-week rebound, intertwined with geopolitical risks and interest rate expectations.

U.S. Stock Index Performance

• Dow Jones: -0.17%, experiencing slight adjustments due to financial stocks dragging down performance.

• S&P 500: -0.06%, with divergence in technology and industrial sectors.

• Nasdaq: -0.06%, driven by fluctuations in AI-related stocks.

Tech Giants Dynamics

• Apple: -6% (month-to-date), as investors shift towards value stocks, with concerns over AI fatigue intensifying.

• Microsoft: -5% (month-to-date), despite strong earnings, overall tech weakness impacts performance.

• Alphabet (Google): +0.5% (YTD), potential SpaceX IPO is favorable for its investments.

• Amazon: +10% (expected), analysts are optimistic about e-commerce and cloud growth.

• Nvidia: +2% (week-to-date), strong demand for AI chips is expected to lead the market.

• Tesla: -2% (week-to-date), adjustments to the FSD subscription model raise valuation concerns.

• Meta: -6% (month-to-date), facing regulatory pressure in its advertising business.

Overall, there is a clear divergence among tech giants, primarily due to high valuations and sector rotation, with AI beneficiaries like Nvidia showing relative resilience.

Sector Movement Observation

Basic Materials Sector +11.20% (YTD)

• Representative stock: Western Digital (WDC), +368.83% (one year).

• Driving factors: Strong performance in metal mining and a rebound in small-cap profitability, benefiting from a low-interest-rate environment.

Industrial Sector +9.26% (YTD)

• Representative stock: Micron Technology (MU), +251.64% (one year).

• Driving factors: Stimulus expectations and a rebound in manufacturing, with geopolitical risks boosting defensive demand.

Energy Sector +6.07% (YTD)

• Representative stock: Seagate Technology (STX), +251.31% (one year).

• Driving factors: Supply tightening amid oil price fluctuations, with geopolitical events amplifying uncertainty.

III. In-Depth Stock Analysis

1. Nvidia - Explosion in AI Chip Demand

Event Overview: Nvidia's stock rose 2% during the week, benefiting from strong demand for data center accelerators. The company expects AI infrastructure development to continue until 2030, with data center revenues reaching a record $430 million. Analysts view it as a market leader in 2026, benefiting from the AI trend. Market Interpretation: Wall Street is unanimously optimistic, with a consensus target price suggesting over 20% upside, emphasizing its dominance in the semiconductor field. Investment Insight: If the AI investment wave continues, Nvidia could drive index growth, but caution is advised regarding valuation bubbles.

2. AMD - Strong Growth Across Multiple Business Lines

Event Overview: AMD enters 2026 with strong momentum, driven by both data center and PC businesses, with annual revenue growth exceeding 20%. The company is increasing investments in AI infrastructure, expecting accelerated growth. Market Interpretation: Institutions believe its chip supply position is solid, predicting a doubling of earnings in 2026, outperforming peers. Investment Insight: As an alternative to Nvidia, AMD offers diversified exposure and is suitable for long-term holding.

3. Alphabet - Potential Benefits from SpaceX IPO

Event Overview: Alphabet holds shares in SpaceX, which may benefit from its potential IPO in 2026, valued at $1.5 trillion. The company's search and cloud businesses are stable but face doubts over AI fatigue. Market Interpretation: Analysts predict upside potential, viewing SpaceX as a hidden catalyst, but warn of regulatory risks. Investment Insight: If the satellite business unlocks value, it could boost stock prices; geopolitical impacts should be monitored.

4. Tesla - Adjustments to FSD Subscription Model

Event Overview: Tesla fell 2% during the week, shifting to a subscription-only model for FSD, raising valuation concerns. Earnings growth expectations for 2026 reach 284%, but short-term volatility is increasing. Market Interpretation: There is significant divergence on Wall Street, with a consensus 10% upside, focusing on advancements in autonomous driving. Investment Insight: High growth potential exists, but regulatory and competitive pressures need to be monitored.

IV. Today's Market Calendar

Data Release Schedule

Important Event Forecast

• Trump leads delegation to Davos: Local time - Focus on discussions of geopolitical policies, which may impact trade and stock markets.

• Federal Reserve Monetary Policy Meeting: All day - Interest rate decisions may reveal the path for 2026.

Bitget Research Institute's View:

We hold a cautiously optimistic view on market trends within the next 24 hours, as Trump's proposal for a rate cap intensifies volatility in financial stocks; active issuance in the bond market indicates ample liquidity, with U.S. stocks rotating towards small-cap and value stocks; geopolitical risks are boosting precious metals, but oversupply in crude oil may suppress energy rebounds; overall, AI fatigue and stimulus expectations are intertwined, suggesting a defensive asset allocation.

Disclaimer: The above content is compiled by AI search, with human verification for publication, and should not be considered as any investment advice.