Big rally week for most equity markets as traders jumped early on a Biden victory narrative. S & P 500 gains back nearly all of the pre-election sell off.
In the US, jobless claims were unmoved at around 751k new claims.
Treasury yields declined as markets went risk on.
Loan levels continue to drop, though effect likely remains seasonal.
Manufacturing PMI survey shows continued confidence, with consumer sentiment also rebounding, though more restrained. On the other hand, non-manufacturing NMI confidence decreased.
Slowdown in FED asset purchases this week, though balance sheet is still increasing.
In fixed income, we see a decrease in credit spreads across all levels. Most noticeable in junk rated spreads.
Not much movement in commodities this week, though the Energy index continues to flag.