January 20th Overnight Top News Highlights

1. American President Trump is expected to meet with global business leaders in Davos on Wednesday, including CEOs from the financial services, cryptocurrency, and consulting industries. These business leaders have been invited to a reception after Trump's speech at the World Economic Forum annual meeting. 2. French Prime Minister Le Cozni stated that he will use constitutional tools to pass the 2026 budget without the need for a parliamentary vote. This shows that he has enough support in parliament and is expected to pass the vote of confidence that may follow. 3. OpenAI's policy director Chris Leane stated in Davos on Monday that the company plans to release its first hardware device in the second half of 2026 as planned. Leane did not promise that the device will be officially launched this year, but said that OpenAI is "preparing to launch related products in the second half of 2026." 4. The US stock and bond markets were closed on Monday to commemorate Martin Luther King. 5. French President Macron does not intend to accept US President Trump's invitation to join the proposed Peace Council. 6. Federal Reserve Chairman Powell plans to attend a hearing at the Supreme Court on Wednesday regarding President Trump's attempt to dismiss Fed board member Lisa Cook. 7. On the 19th, the emergency rescue department of the Andalusia Autonomous Community in Spain reported that the death toll in the Adamus high-speed train collision in Cordoba Province had risen to 40. One of the main focuses of the on-site investigation is the possible defects in the rail welding. 8. After its market value first exceeded 200 billion pounds, the head of HSBC Holdings' corporate and investment banking department stated that the company's market value is now heading towards surpassing 300 billion pounds. 9. Morgan Stanley strategists downgraded their view on emerging market currencies from "overweight" to "neutral" on Monday, stating that after a strong rally lasting a year, short-term positions are now "overbought."