During last week's Christmas period, the market generally experienced a decline, one possible reason being investors' uncertainty regarding Trump’s tariff policy after his inauguration on January 20, as well as uncertainty about the Federal Reserve's decision on interest rate cuts in January. As we enter a new week, there are relatively few important market data points, but the following key events are worth noting:

On January 1, the stock market will be closed for New Year's Day.

On January 2 (Thursday) at 21:30, the number of initial unemployment claims for the week will be released, expected to be 224,000, compared to the previous value of 219,000. This data may have a limited impact on the market, but it is still an important indicator for observing the state of the U.S. job market.

On January 3 (Thursday) at 23:00, the U.S. December ISM Manufacturing PMI data will be released, expected to be 48.4, the same as the previous value of 48.4. This data will reflect the health of the U.S. manufacturing sector; if it falls below expectations, it may have a certain impact on the market.

This week's economic data is relatively sparse, with the market’s focus primarily on the uncertainty surrounding the U.S. economy and policy, especially regarding Trump’s government policies and the Federal Reserve's movements.

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