Trump talks it up, but US equities stall

Whilst President Trump was self-aggrandising at Davos, US equities stalled and the US dollar lost a little ground to the Yen. NAB’s Rodrigo Catril suggests that all markets are taking a breather at the start of the impeachment proceedings, along with concerns around the coronavirus. The UK provided one bright spot, with employment numbers far better than expected and the ZEW survey showing optimism in Germany at a four a half year high. Consumer confidence numbers in Australia will be of particular interest today, along with earnings results from the US.

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