US Government shutdown, political progress in Germany, Davos conference…
As I type this morning the US Government remains in partial shutdown as starkly differing positions on immigration result in deadlock between the Republican and Democratic parties. Markets on the whole seem to have shrugged off the shutdown, as political stalemate and the eventual kicking of the can down the road with a compromise that solves nothing is par for the course in American politics. In reality, a short-term shutdown will have relatively little impact on near-term economics.
1. US policy makers continue to squabble and point the finger in a failed bid to avert a Government shutdown
2. Germany’s Social Democrats party agree to coalition talks with Angela Merkel after a divisive party conference
3. The BoJ and ECB both to announce their latest monetary policy stance this week
4. Keep an eye on headlines from the World Economic Forum in Davos
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