Joe Biden is set to lay out his stimulus package later today

Bond yields that had declined have started rebounding on rumors the stimulus package may amount to $2tn. Answer later today. Whatever the size of the plan, the Senate will have to take time to vote it, as in parallel, it will have to deal with the trial of Mr. Trump, who has been impeached by the House for the second time. Chinese external trade data released overnight confirmed the strength of activity in December, but the country is facing a resurgence of the pandemic too: for the first time since April one people died of Covid-19. The EUR/USD remains on a slight downward trend, below 1.22.

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