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Market Recap – Davos

Monday, January 20, 2020 10:21 AM GMT

The World Economic Forum begins tomorrow in Davos and market participants are trying to guesstimate if the presidential elections year of 2020 would look like 2015, 2007 or 2017. This year’s main themes would be the climate targets around the world and cyber-security.

On Tuesday, the Bank of Japan will have it’s monetary policy meeting. On Wednesday, it will be the Bank of Canada’s turn. On Thursday the ECB and the Norges Bank (Norway) are having their monetary meetings.

The Berlin summit over Libya, that took place during the weekend has resulted in an agreement by all participants to not supply weapons to the country and respect arms embargo. That is not a cease fire agreement, but it is the first step towards avoiding a new Syria. Heads of state and lawmakers from  Russia, Turkey, Egypt, The UAE, France Germany , UK, China and USA participated in the summit.

Macro releases:  Today’s economic calendar includes the Eurogroup Meeting and the US Bank holiday, as the USA celebrates the birthday of Martin Luther King.

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The views expressed do not constitute investment or any other advice /recommendation /suggestion and are subject to change. Reliance upon information in this material is at the sole discretion of the reader. Opinions expressed in the report do not represent the opinion of ZuluTrade Social Trading Platform and do not constitute an offer or invitation to anyone to invest or trade.

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