There is not much on the agenda next week, but that doesn’t mean things will be quiet as the battle between longer-term vaccine hopes and the present lockdown reality continues to rage. The highlight on the economic calendar will be the latest PMIs, especially from the Eurozone, which will reveal how much damage the latest lockdowns have inflicted. In America, it will be all about infection numbers as more states tighten their restrictions, with the latest Fed minutes also in focus. Finally, a Brexit deal could be imminent.

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