3rd December 2020

  • Democrats Scale Back on Stimulus to Prod McConnell Into Talks

Pelosi, Schumer say $908 billion plan a basis for negotiations

Move is first public retreat from stance on larger relief plan

https://blinks.bloomberg.com/news/stories/QKQFUHDWX2QC

  • Biden Offers Transatlantic Embrace to EU’s Already Open Arms (2)

President-elect to consult with allies on matters like trade

EU proposes strategy for re-uniting to counter China, Russia

https://blinks.bloomberg.com/news/stories/QKPP83DWLU6N

  • Powell Says No Rush to Taper Bond Purchases, Mum on Doing More

An eventual taper in bonds will be slow and careful, he says

The FOMC meets this month to consider asset purchase guidance

https://blinks.bloomberg.com/news/stories/QKQ7EJDWLU6Z

  • Globalization is Alive and Kicking in Trade’s Big 2020 Comeback

Nations rise from protectionist crouch to keep goods flowing

‘I can’t find the reshoring,’ HSBC’s trade-finance chief says

https://blinks.bloomberg.com/news/stories/QKPP29DWRGG0

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