The ECB changed nothing overnight, with President Lagarde saying risks remained on the downside.

New highs on the NASDAQ and S&P500.

QE to continue, RBA to grapple with ending YCC.

An internal RBA document obtained under a freedom of information request discussed the likely impact of low interest rates on asset prices (see RBA FOI).

It’s Inauguration Day, or it will be when Wednesday eventually ticks round in the US.

Markets are looking through the prospect on any unrest on inauguration day, but the more immediate question is what will the President do today?

China’s economy enters 2021 with momentum, but expected to slow across the year.

Markets responded at the end of the week to Joe Biden’s proposals for stimulating the US economy.

Bond yields were already on the rise before Fed chairman Jerome Powell talked down the likelihood of any easing in bond purchases this year.