Markets Today: Trump’s last day – how much will Biden undo?

“Sweet dreams are made of this; Who am I to disagree; I travel the world and the seven seas; Everybody’s looking for something”. – Eurythmics 1983. As song titles go, Sweet Dreams by the Eurythmics probably sums up overnight price action the best. It was a night of limited market moves given the Martin Luther King Jr Public Holiday, along with key risk events being later in the week (BoC Wednesday, ECB and BoJ on Thursday, and PMIs on Friday). European equities managed to close in the green with the EuroStoxx50 +0.1% and DAX +0.4%. Yields were mostly higher with 10yr German Bund yield +1.4bps to … (full story)

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