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Overnight Highlights January 3: BYD Overtakes Tesla in Annual EV Sales for First Time, Emerging Market Stocks Start 2026 Strong, European Shares Hit Record High at 2026 Opening

Deep News07:03

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Market January 3 Closing: U.S. stocks closed mixed, with AI-related stocks pushing the Dow and S&P 500 higher. Top 20 U.S. stocks by turnover on January 3: Micron's optimistic revenue outlook drives its stock to a record high. Popular U.S.-listed Chinese stocks mostly rose on January 3: Alibaba up 6.24%, Baidu surged 15.03%. Oil prices edged lower after their largest annual decline since 2020. Gold prices stabilized, with COMEX gold futures up 0.02%. European stocks started 2026 at a record high, with the UK's FTSE 100 index breaking through the 10,000-point mark.

Macro Trump claims a boom in the domestic labor market, but data fails to corroborate. 24 U.S. states raised their minimum wage standards, affecting over 8.3 million people. Iran's Foreign Ministry condemns U.S. interference in internal affairs, warning of a decisive response to any aggression. Zelenskyy announces adjustments to Ukraine's Defense Ministry operations, nominates a new Defense Minister.

Company BYD surpassed Tesla for the first time, claiming the top spot in global electric vehicle sales. Tesla's annual electric vehicle sales were overtaken by BYD for the first time. Norway's pure electric vehicle market share reached 96% in 2025, with Tesla's local sales surging. Micron Technology's profitability increased significantly, with its stock price hitting a record high. AQR's multi-strategy product Apex returned 19.6% in 2025, continuing its recovery trend in a turbulent year for quantitative investing. Citadel's flagship fund reportedly returned 10.2% in 2025, slightly trailing Millennium. Berkshire Hathaway enters the post-Buffett era. Luxury retailer Saks Global is expected to file for bankruptcy as its CEO steps down. Blackstone CEO and OpenAI co-founder help Trump's campaign fundraise $102 million.

Commentary FX: Dollar index rises at the start of the year; Australian dollar outperforms G-10 currencies. Crude Oil: WTI holds steady on the first trading day of 2026, with supply surplus expectations offsetting geopolitical risks. U.S. Bond Market: U.S. Treasuries fell alongside European bonds, influenced by futures block trades. Aluminum prices broke above $3,000 for the first time since 2022, boosted by supply concerns. A year later, traders' views on the U.S. dollar have significantly changed. Outlook for U.S. stock trends in 2026. Emerging market stocks started 2026 strongly, with tech stocks buoyed by Asia's AI boom. European Bond Market: European government bonds broadly declined, with Italy's 30-year yield climbing. America's fragile future elite will eventually face the real world.

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Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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