The first of the new year’s central bank meetings will get under way next week and it will be a heavy schedule on the data front as well. The European Central Bank, Bank of Japan and Bank of Canada will almost certainly be debating the latest setback to the recovery from the worsening Covid-19 outbreak. China will report its fourth quarter GDP print and flash PMIs along with inflation and retail sales numbers will be doing the rounds in most markets. However, investors will once again be gripped by the happenings on Capitol Hill in Washington amid fears of more violent scenes at Joe Biden’s inauguration and a possible vote in the Senate on Trump’s impeachment.

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