Impact of Fed Minutes overshadowed by geopolitical risk
The impact of the Fed Minutes on the markets was quite different from the earthquake caused by the publication of the previous ones: long rates eased slightly…
What was feared just after the presidential election actually happened yesterday: Trump supporters invaded the Capitol to prevent Joe Biden’s victory from being certified by the Congress. The process was eventually only delayed for a few hours and moreover, Mr. Biden can now count on Senate support after the two remaining seats went to Democratic candidates. Despite the scenes of insurrection in Washington, financial markets welcomed prospects of stronger budgetary stimulus and growth, except the Nasdaq, as tech giants can fear stricter regulation. The USD touched new lows against the euro (1.2349).
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