1️⃣ The main news over the weekend
Democrats pave the way for Biden's $ 1.9 trillion COVID-19 rescue plan.
- Biden: It can take 10 years to fully restore employment to current rates and needs an emergency relief plan.
- US Treasury Secretary Yellen: Without strong relief measures, the economic recovery will be long and slow.
- Lower-than-expected "non-farm" data. The unemployment rate dropped to a record low for nearly a year.
The AstraZeneca vaccine has limited effectiveness against the new South African variant of the coronavirus.
Nigeria, the world's second-largest bitcoin market, bans cryptocurrency trading.
- Germany plans to expand the blockade.
- Bank of England Governor Bailey: Expect a boom in consumption after the blockade is lifted.
2️⃣ Notable facts and data this week
This week investors should pay attention to the speeches of several central bank officials:
* On Tuesday, the President of the European Central Bank Lagarde joined the European Parliament's debate over the European Central Bank's 2019 Annual Report.
* On Wednesday, Lagarde took part in a webinar on news figures organized by The Economist.
* On Thursday, Fed Chairman Powell delivered a speech at an online event hosted by the Economic Club of New York.
* From Wednesday to Thursday, the three major organizations EIA, IEA, and OPEC will release their monthly reports, if the report shows that the oil market is optimistic it may boost oil prices further.
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