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Macro Briefing: 22 January 2021

Summary:
* Biden will sign executive orders today providing Covid-19 relief to workers* Senate Republicans oppose to Biden’s coronavirus relief bill* Eurozone economic activity contracts for a 3rd month in Jan via PMI survey data* UK economy falls in January, biggest decline in 8 months via PMI survey* UK retail sales posted a record decline in 2020* Japan’s economic activity continues to decline in January via PMI survey data* US jobless claims continue to rise at an alarming rate: +900,000 last week* Mid-Atlantic manufacturing activity surges in January via Philly Fed Mfg Index* US housing starts rose to 15-year high in December:

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* Biden will sign executive orders today providing Covid-19 relief to workers
* Senate Republicans oppose to Biden’s coronavirus relief bill
* Eurozone economic activity contracts for a 3rd month in Jan via PMI survey data
* UK economy falls in January, biggest decline in 8 months via PMI survey
* UK retail sales posted a record decline in 2020
* Japan’s economic activity continues to decline in January via PMI survey data
* US jobless claims continue to rise at an alarming rate: +900,000 last week
* Mid-Atlantic manufacturing activity surges in January via Philly Fed Mfg Index
* US housing starts rose to 15-year high in December:

Macro Briefing: 22 January 2021

James Picerno
James Picerno is a financial journalist who has been writing about finance and investment theory for more than twenty years. He writes for trade magazines read by financial professionals and financial advisers. Over the years, he’s written for the Wall Street Journal, Barron’s, Bloomberg Markets, Mutual Funds, Modern Maturity, Investment Advisor, Reuters, and his popular finance blog, The CapitalSpectator.

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