[Yellen stresses U.S. economic inequality: major action should be taken to promote recovery in a low interest rate environment.] U.S. Treasury Secretary nominee Yellen will say in the Senate that if Congress does not approve more aid, the United States could face a longer and more painful recession. Yellen urged Congress to take "big action" in an environment of low interest rates to support the economic recovery. She says the US economy suffered from growing inequality even before the pandemic.

[stock market closing: three major A-share indexes closed down organosilicon and other sectors rose against the trend] by the close, the Prev index fell 0.83% to close at 3566 points; the Shenzhen Composite Index fell 1.74% to close at 15003 points; and the gem index fell 2.05% to close at 3084 points. The Shanghai stock market has a net inflow of 1.139 billion, while the Shenzhen stock market has a net outflow of 221 million.

[midday metal market] Nonferrous plates generally rose in the morning, with Shanghai Copper up 0.39%, Shanghai Aluminum down 0.77%, Shanghai Zinc up 0.42%, Shanghai lead down 0.73%, Shanghai Nickel up 0.56%, and Shanghai Tin up 1.34%.

Janet Yellen, the Treasury secretary nominee who has served in the government for more than 25 years, will start a new role on Tuesday, from defender of the Fed's ideas and actions to a salesman of US economic policy. [Yellen will go to the front line to defend Biden's anti-epidemic rescue plan at a time when the US recovery is weakening. " The hearing of the Senate Finance Committee at 10:00 on Tuesday is likely to cover a range of topics, from exchange rates to taxes. It will also be the first congressional forum for members of Congress to consider President-elect Joe Biden's $1.9 trillion anti-epidemic rescue plan.

[IMF Managing Director Georgiyeva: the global economic outlook is "highly uncertain"] the (IMF) Managing Director of the International Monetary Fund said on Monday that in view of the pandemic of COVID-19, the global economic outlook is still highly uncertain and the gap between rich and poor countries is widening, which requires IMF to look for more resources. Cristina Georgiyeva (Kristalina Georgieva), president of IMF, told reporters that the new allocation of the IMF's local currency SDR will provide more fiscal space for countries to deal with the epidemic crisis and accelerate digitization.

Security issues remain a concern on the eve of Biden's inauguration. On Monday, the Capitol Police Department said in a statement that after an external security threat occurred near the Capitol, the acting director ordered the blockade of the building and advised employees to take refuge on the spot. The US Secret Service said in a tweet that a small fire broke out near the US Capitol and that the building was cordoned off and the public would not be threatened out of caution.