Headlines:
Trump aides reportedly exploring tariff plans to only cover critical importsThe loonie is in focus on potential Trudeau resignationWeekly update on interest rate expectationsEurozone January Sentix investor confidence -17.7 vs -18.0 expectedEurozone December final services PMI 51.6 vs 51.4 prelimUK December final services PMI 51.1 vs 51.4 prelimSNB total sight deposits w.e. 3 January CHF 439.6 bn vs CHF 445.7 bn priorChina's main stock exchanges reportedly asked large mutual funds to restrict stock sellingNippon Steel files lawsuit over Biden's decision to block US Steel acquisitionMarkets:
It's a case of squeeze the dollar, buy everything else in this instance.
The question now is, will we hear any denials from Trump on this supposedly softer take on tariffs? He's been threatening a big game, so it will be hard to imagine him suddenly turning soft when he takes office later this month.
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