Global Markets Rally As Biden Takes Office, Dollar Softens, Bitcoin Falls To $33.2K

Europe: Euro Stoxx 50 is trading higher by 0.41% at publication time. The bloc’s December CPI fell 0.3% YoY, but Core CPI grew 0.2% YoY. European Central Bank’s interest rate decision is due later today.

London’s FTSE 100 is trading higher by 0.17% at press time, with initial trends and consumer confidence data in focus.

Germany’s DAX is up 0.40%. Automobile stocks are pushing the index up with Daimler AG (DDAIF) up 1.79% at press time.

France’s CAC 40 is trading marginally higher by 0.04%. Jan’s business survey index improved to 98. ArcelorMittal SA (MT) was the top gainer in Paris, up 1.57% at press time.

Spain’s IBEX 35 is trading higher by 0.18%. The nation’s trade balance data is due later today.

Forex Trading: U.S. Dollar Index futures are down 0.23% to 90.257. The dollar (UDN) has weakened by 0.23% against the Euro (FXE), 0.49% against the Sterling Pound (FXB), 0.01% against the Japanese Yen (FXY), and 0.03% against the Chinese Yuan (CYB).

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