What Will Biden Deliver?

Below gives key levels of markets in the second half of the Asia-Pac session:

• Nikkei 225 up 171.93 points at 28628.52
• ASX 200 up 28.699 points at 6715.3
• Shanghai Comp. down 12.638 points at 3586.014
• JGB 10-Yr future down 3 ticks at 151.87, yield down 0.9bp at 0.030%
• Aussie 10-Yr future up 1.0 tick at 98.890, yield down 0.8bp at 1.098%
• U.S. 10-Yr future -0-05 at 136-19+, yield up 2.38bp at 1.107%
• WTI crude down $0.06 at $52.85, Gold down $3.86 at $1841.65
• USD/JPY up 10 pips at Y103.99
• BIDEN AIDES TELL CONGRESS ALLIES AID PLAN MAY BE ABOUT $2TN (CNN)
• CLARIDA: NO RATE LIFTOFF UNTIL U.S. SEES 2% INFLATION FOR A YEAR (BBG)
• FED'S HARKER WANTS INFLATION OVER 2% BEFORE TAPER TALK (MNI)
• AMERICANS WON'T BE BANNED FROM INVESTING IN ALIBABA, TENCENT & BAIDU (WSJ)
• J&J COVID VACCINE IS SAFE & GENERATES PROMISING RESPONSE IN EARLY TRIAL (CNBC)
• ITALY GOVERNMENT ON VERGE OF COLLAPSE AS RENZI PARTY QUITS (BBG)