Headlines discussed at LNWM’s Monday morning briefing:
— President Trump, after threatening veto, signed $900 billion Covid-relief package and $1.4 trillion to fund the US government during the coming year.
— The U.K. and the European Union finally reached agreement on Brexit terms days before New Year deadline.
— U.S. 2020 holiday sales (Nov. 1 – Dec. 24) were up a healthy 2.4% from 2019, with 20% online vs. 13% last year.
— U.S. new home sales fell 11% in November, more than expected, but are up 21% from a year ago.
— China is testing and promoting a digital version of its currency — the e-yuan — domestically at first but aiming also for use in global trade.
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