United States: Initial and continuing unemployment claims remain at multi-year lows.
United Kingdom: The pound rose in response to the resignation of British finance minister Sajid Javid. Traders expect Javad’s replacement to boost government spending, which, in theory, should stimulate growth.
China: China’s total debt-to-GDP ratio climbed sharply last year, hitting another record.
Rates: The 30-year bond auction showed strong demand for US long-term paper. The auction yield was the lowest in history.
Global Developments: The absolute dollar impact of the coronavirus outbreak dwarfs other epidemics.
Food for Thought: Which technology firm will have the biggest impact on healthcare?
Edited by Daniel Moskovits
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