US Equities had a very volatile day (huge surge in Options trading) - US Futures down and Asian markets weaker amid fears of a delay in stimulus programs, and warnings of asset bubbles in China weighed. In Europe, virus developments remain in focus with clear signs that lockdowns are working in new infection numbers, but worries about the impact of virus mutations and in the EU dissatisfaction with the slow rollout of vaccines. Yellen confirmed as Treasury Secretary, Trump impeachment passed to the Senate, Italian PM Conte quits and NZD & China sign new trade deal.
Today – UK jobs report, US consumer confidence, ECB's Villeroy, Earnings - Microsoft, Verizon, General Electric, Johnson & Johnson, Lockheed Martin, 3M, Starbucks, Raytheon, LVMH, UBS and Novartis.
Biggest (FX) Mover @ (07:30 GMT) AUDJPY (-0.41%) Rejected 80.30 yesterday, broke 20 & 200hr MA and 80.00 to test 77.75 low. Recovered into 80.0 at close but has moved below S1 and yesterday's low to 79.70.
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