Macro Briefing: 22 January 2021

* Biden will sign executive orders today providing Covid-19 relief to workers
* Senate Republicans oppose to Biden’s coronavirus relief bill
* Eurozone economic activity contracts for a 3rd month in Jan via PMI survey data
* UK economy falls in January, biggest decline in 8 months via PMI survey
* UK retail sales posted a record decline in 2020
* Japan’s economic activity continues to decline in January via PMI survey data
* US jobless claims continue to rise at an alarming rate: +900,000 last week
* Mid-Atlantic manufacturing activity surges in January via Philly Fed Mfg Index
* US housing starts rose to 15-year high in December: