Broadly defined commodities posted the strongest gain for the major asset classes in last week’s trading, followed closely by wide-ranging rallies in fixed-income markets around the world, based on set of ETFs. US real estate investment trusts (REITs), by contrast, posted the deepest loss by the end of the trading week (Friday, Dec. 11).
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Daily Archives: Dec 14, 2020 at 07:13 am EST
Macro Briefing: 14 December 2020
* US vaccine rollout begins, offering hope for a beleaguered nation
* Electoral College today is set to formally cast votes for Biden as next president
* Vaccine rollout will likely be a topic at this week’s Fed meeting
* EU and UK extend trade talks but say no-deal Brexit is likely
* Eurozone industrial output picked up in October, rising 2.1%
* ECB expects inflation will remain below its just-under 2% target for years
* Russian hackers appear to have broken into US federal agency networks
* US consumer sentiment rebounded in recent weeks
* Policy sensitive 2yr Treasury yield drops sharply ahead of Wed’s Fed meeting: