February 6th Overnight News Highlights

1. The US and Iran will hold nuclear negotiations in Oman on Friday, and the White House says military options are still on the table. 2. The Chicago Mercantile Exchange is increasing the initial margin for COMEX 100 gold futures from 8% to 9%, and for COMEX 5000 silver futures from 15% to 18%. 3. Bitcoin briefly fell below $63,000, erasing all gains since Trump's election victory. 4. Amazon announced plans to invest $200 billion this year in data centers, chips, and other equipment, raising concerns among investors about this massive AI bet. 5. OpenAI is launching a new platform to help companies deploy AI agents more easily. 6. In response to reports in the media about a possible development of a Starlink phone, Musk posted on X platform, "We are not developing a phone." 7. As US labor market data shows weakness, traders have moved up their expectations of the Federal Reserve's next rate cut from July to June, and expect a second cut before October. 8. US Treasury Secretary Mnuchin said the decision to sue a future Fed chairman who refuses to lower rates at Trump's request would "depend on the President." 9. Trump said the US should focus on signing a new nuclear agreement with Russia instead of extending the New START treaty.