MARKET WRAPS Forex/Bonds: German government bond yields and the euro showed little reaction to weaker-than-expected German Ifo business sentiment index , remaining slightly higher on the. -January 25, 2024 at 06:21 am EST
- MarketScreener
1/25/2021 10:42:53 AM GMT
Notes/Observations
- German Jan IFO Survey misses across the board as 2nd wave of pandemic derails optimism
- Italian politics remain in focus; PM Conte could decide to resign in a tactical move to position himself to lead a new government if he’s set to fall short on a key vote mid-week
- US Congress negotiates over the fiscal stimulus amid the worsening pandemic; Some Republicans seek justification for the $1.9Ton price tag
- FOMC rate decision mid-week (1st meeting under the new Biden Administration); little change to policy was expected
Asia:
- China PBoC said to potentially use contingency reserve arrangement (CRA) to stabilize liquidity before Lunar New year