Market Comment | Quiet markets ahead of an eventful week

Summary

Markets were generally steady because of a U.S holiday celebrating Martin Luther King Day. Therefore, sovereign bond yields and FX markets remained largely unchanged ahead of key economic events that will take place during the week.

Key points

• Key points:
• First ECB meeting of the year will take place this Thursday without significant changes expected.
• The IMF has slightly downgraded global growth in its quarterly update.
• Sovereign bond yields remained broadly stable.
• Wall street remained closed and the European equity markets were largely unchanged.

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