The FOMC statement and dot plot were viewed as somewhat more hawkish than expected. System credit growth has slowed - and the risk of a precipitous lending slowdown is rising. Read more.
The S&P500 jumped 4.0% this week, boosting the index’s two-week rally to 8.9%. UK 10-year gilt yields sank 58 bps this week to 3.78%, with yields down 116 bps from October 12th highs.
Japan to Declare State of Emergency Over Virus Infections Duration: 02:26 Jan.06 Japanese Prime Minister Yoshihide Suga will be speaking in Japan later and is expected to declare a state of emergency for Tokyo and adjacent areas as coronavirus infections continue to hit record highs. Critics are calling the strategy too narrow and see restrictions lasting for months. Bloomberg’s Isabel Reynolds reports on “Bloomberg Daybreak: Asia.”