Europe faces soaring prices
Inflation expectations are soaring in Europe. The break-even inflation rate on the 5y5Y (5-year inflation in 5 years) has reached US levels in the euro…
The situation has not changed much on financial markets that remain calm. Stocks are trading sideways, bond yields and the USD remain rather stable. The EUR/USD has stabilized around 1.2130. The House advanced on the stimulus package, but the Senate is focused on the trial of the former president. UK GDP was up 1% in Q4, thanks to a temporary rebound in December.
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