Macro Briefing: 12 February 2021

* House committee approves Biden’s $1.9 trillion relief program
* Biden says US has new deals to secure 200 million more vaccine doses
* Vaccine rollouts are improving across the US
* Trump’s legal team’s defense begins today in Senate impeach trial
* Fed’s Daly expects central bank bond buying to continue through 2021
* Eurozone headed for political battle over sharply higher debt levels
* Pondering how tech innovations will unleash a surge in productivity\
* UK GDP fell a record 9.9% in 2020 but rebounded in December
* US jobless claims signal stronger pandemic-related headwinds: