Stocks up on China data and US stimulus optimism

Stocks up on China data and US stimulus optimism

Better-then-expected trade data from China, the hope of further stimulus in the US from a Biden administration and the rollout of vaccination programs, is keeping sentiment elevated. UK and European stocks are higher this morning. Investors will be weighing these positives against the rising number of coronavirus cases and tighter lockdown restrictions.

In the US, House members voted to impeach Donald for inciting an attack on the Capitol. This is the first time in history that a US President has been impeached twice.

The rate of annual inflation was reported at 1.4% for December. Up from 1.2 percent previous month and above market forecasts. We note this and will be monitoring further numbers. US 10-yr Treasury yields fell a little on Wednesday but had been moving higher for seven days prior to that.

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