It’s a big week for the financial markets. The Congressional hearings for Janet Yellen’s confirmation as Treasury secretary began today (there’s no guidance on how fast the panel will vote on her nomination) and tomorrow, Joe Biden will be sworn in as the 46th President of the United States. There are 3 central bank monetary policy announcements, PMI reports from countries around the world and Australia’s labor market report. With less than 24 hours to go before Trump leaves office, investors are optimistic. The rally in equities and currencies shows little concern about violence and punishing policies. The … (full story)
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