In the first month of 2023, the main trading line of large categories of global assets revolved around changes in global monetary policy. The better-than-expected economic data in the United States in the fourth quarter ignited the expectation of a "soft landing", and major stock indexes around the world got off to a good start. The gradual lifting of the energy crisis in Europe has led to a continuous decline in oil and gas prices.

As of January 31, 2023:

• Us stocks got off to a strong start in 2023, with the Nasdaq rising 10.68% to its best start since 2001, topping all major assets in the world. The S & P 500 also rose 6.18% in January.

• The Hang Seng Index also performed well, making its best start since 2012, rising for three months since the end of last year, with a cumulative gain of 48.7%.

• The liberalization of China's epidemic prevention policy led to a rebound in global demand, non-ferrous and Chinese stock markets strengthened, and copper prices continued to rise, rising by more than 10% in January.

• Major commodity prices fell, crude oil prices fell slightly, and NYMEX natural gas fell 38.84 per cent in January.

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