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USDCAD TECHS

Needle Still Points South

US TSYS

Yields Bounce as Equities Make New Monthly Highs

AUDUSD TECHS

Heading North

EURJPY TECHS

Bull Rally Accelerates

COLOMBIA

Economists Survey Raises 2021 CPI Forecast To 4.9%

EUROZONE DATA

EZ Q4 PRELIM. FLASH GDP -0.7% Q/Q SA, -5.1% Y/Y WDA

EZ Q3 GDP +12.4% Q/Q SA; -4.3% Y/Y WDA

  • The EZ economy narrowed in Q4 as the second wave of Covid-19 hit Europe, down 0.7%, beating market expectations (BBG: -1.2% q/q)
  • This follows a historic increase in Q3 where the economy grew by 12.4%.
  • Annual GDP deteriorated in Q4 to -5.1%, down from -4.3% seen in the previous quarter.
  • Over the year of 2020, GDP fell by 6.8% in the eurozone and was down 6.4% in the EU.
  • Among the member states for which data is available, Austria (-4.3%), Italy (-2.0%) and France (-1.3%) saw the largest quarterly decrease, while Lithuania (+1.2%) and Latvia (+1.1%) recorded the highest gains.
  • The annual growth rate was negative in all countries with the highest level seen in Spain (-9.1%).