1️⃣ Gloomy markets mood amid concerns of a quick return to growth. Investors are waiting for a $1.9 trillion relief package from the US. The government is considering a vast investment in infrastructure. Prospects of high debt issuance have resulted in bonds being sold off, but higher rates have yet to raise the currency.
2️⃣ China’s growth in 2020 and the expectations for a recovery in the US have lifted oil prices after a short profit shift. It is uncertain how Saudi Arabia and Russia will manage further cuts in production. Copper has risen beyond $9,000 amid supply problems to the height of forecasts for robust global demand.
3️⃣ The German IFO Business Climate figures for February are expected to show an improvement in sentiment, echoing similar figures from ZEW.
4️⃣ Bitcoin touched a new high above $58,000, surpassing a market valuation of $1 trillion.
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