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Daily Alert: All eyes on the US Capital this week

  • Eyes will be on the US Capital this week, with the new President Joe Biden due to be sworn in on Wednesday 20th January.
  • In US economic data, retail sales were weaker than expected in December, and fell 0.7%,while industrial production was on the strong side of expectations and rose 1.6%.
  • The Bank of Japan and European Central Bank meetings on Thursday will be the offshore economic highlights of the week, but the inauguration of Joe Biden on 20th January will surely take centre stage.

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