Is Bidens Honeymoon Over Already?
b'Monday 18th January 2021Markets responded at the end of the week to Joe Biden\\u2019s proposals for stimulating the US economy. As NAB\\u2019s Rodrigo Catril points out in today\\u2019s Morning Call, markets questioned the President-Elect\\u2019s ability to implement his pandemic relief spending plan while Biden also noted everyone will have to pay their fair share. Soft US data and US banks underperformance didn\\u2019t help sentiment either. A safe-haven bid lifted the USD and weighed on longer dated UST yields. Otherwise, the continuance of disturbing infection rates for COVID-19 quell optimism everywhere, with the UK stepping up it\\u2019s measures on inbound travellers. There\\u2019s also discussion about Australia\\u2019s housing market \\u2013 could prices really rise by 30 percent in the next few years?
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