As the Spring Festival holiday approaches, holding stocks or holding cash has become a dilemma for many investors.

However, the overseas markets are still open! For investors, overseas News still needs to be a key focus, as it is closely related to our "wallets." Specifically,

During the Spring Festival, the trading arrangements for major markets are as follows:

A-share market: Closed from January 28 (Tuesday) to February 4 (Tuesday), resuming normal trading on February 5 (Wednesday).

Hong Kong stock market: Closed from January 28 (Tuesday) afternoon to February 2 (Sunday), resuming normal trading on February 3 (Monday).

US stock market: Open as usual.

Notably, according to Futu News, since 2018, the average probability of Hong Kong stocks rising during the New Year period has reached 80%, while for US stocks and Chinese concept stocks, it is about 70%.

What should investors pay attention to during the Spring Festival holiday?

In the domestic market, as the Spring Festival approaches, a "gift-giving battle" has quietly kicked off among major platforms.

Following that, $TENCENT (00700.HK)$ After WeChat Mini Store launched the "gift-giving" feature, Douyin quickly followed with a similar approach, and Taobao's client has launched the "gift-giving" feature on a small scale. $BABA-W (09988.HK)$ Taobao customer service stated that currently, some Orders for this feature support WeChat Pay, but gifts must be claimed within 24 hours; otherwise, they will automatically expire.

Since WeChat introduced the gift feature, Tianfeng Securities commented that "this may be the moment of WeChat e-commerce's social surprise attack." Tianfeng Securities analyzed that they are Bullish about the gift feature, as it can significantly accelerate merchant onboarding and foster user Consumer habits, with the optimistic scenario likely to reenact the story of red envelopes driving changes in the payment market landscape.

Additionally, it is worth noting that during the Spring Festival holiday, there will be continuous major events in overseas markets, starting with the new round of Earnings Reports season in the US stock market, and subsequently, the Federal Reserve's first interest rate meeting of 2025 will be held on January 30 at dawn. Specifically:

• The technology giant Tesla will release its earnings after the market closes on January 29.

Regarding the upcoming earnings, HSBC stated that considering Tesla's weak fourth-quarter delivery and production figures, it is expected that the company's profits will decline quarter-on-quarter (the company has already indicated this in the third quarter), while the release of Full Self-Driving (FSD) and regulatory credits still have some room for positive surprises.

HSBC emphasized that investors should focus on Tesla's guidance for 2025—specifically, whether Tesla will reaffirm its annual growth target of 20-30% (which HSBC expects, along with market consensus and third-party data providers, to be below this Indicator).

UBS Group stated that although the market is currently pessimistic about Tesla's sales expectations for 2025 (with UBS Group's growth forecast being only 8%), deliveries in 2025 could still be driven by new models.

HSBC warns that, despite the exciting prospects of autonomous driving Autos, regulatory approvals and commercialization may not occur until after 2026. The market may also underestimate the capital and operation costs associated with taxi fleets. As for Tesla's Other ideas (FSD, Optimus, AI computing, etc.), the prospects for commercialization are similarly unclear and could take several years.

In addition, the market expects technology giants Apple, Microsoft, and Amazon to successively release their earnings, although these companies have not yet disclosed specific dates.

• The Federal Reserve's first monetary policy meeting in 2025 is approaching with great significance.

At 3 AM Beijing time on January 30, the Federal Reserve will announce its interest rate decision, followed half an hour later by a press conference from Powell. According to CME data, the probability of the Federal Reserve not lowering interest rates in January is as high as 95.2%, with only a 4.8% chance of a 25 basis point rate cut.

Data from the Institute for Supply Management (ISM) on Tuesday showed that due to strong demand, the U.S. Non-Manufacturing PMI for December rose from 52.1 in November to 54.1, surpassing market expectations of 53.3. So-called hard data, including Consumer spending, indicates that the U.S. economy performed robustly in the fourth quarter.

In addition, the Job Openings and Labor Turnover Survey (JOLTS) data released by the USA Labor Statistics Bureau on Tuesday also showed that the number of job openings increased from the revised 7.83 million in October to 8.1 million in November, a result that exceeded all economists' expectations in the industry survey. From the trends in the interest rate swap market, as several sets of U.S. data turned out to be strong on Tuesday, traders are no longer betting that the Federal Reserve will cut rates before the end of July.

Currently, the direction of the Federal Reserve's monetary policy mainly depends on the performance of economic data, which will influence the Federal Reserve's decision-making.

In addition, Trump's presidency will bring considerable uncertainty to the market, with the greatest risk being that once Trump's tariff policy is formally implemented, its aggressive measures may cause inflation in the USA to rise again, which could increase the likelihood of the Federal Reserve raising interest rates, resulting in a significant impact on the market.

The overseas markets will not close during the Spring Festival! Key financial events to watch, open Futubull > Market > U.S. Stocks >Financial Calendar/Selected macroeconomic data, seize the investment opportunities first!

Editor/Somer