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Inauguration day in the US


1/20/2021 6:44:17 AM GMT
Market movers today
Today s key event is President-elect Joe Biden s inauguration. Normally this is just a formality but the concern is whether there will be another riot on the back of the inauguration. This, however, should not cause any major market reaction, in our view. We still think a more stimuli-friendly administration is supportive for risk sentiment.
In terms of economic data releases, today is another quiet day. Riksbank s Skingsley gives a speech and BoE Governor Andrew Bailey answers questions from the public.
Overnight, we think the Bank of Japan meeting will be fairly uneventful. The Bank of Japan is set to prepare a policy review that is scheduled for publication in March. ....

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