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China reaches landmark investment deal with EU, isolating the US
Weekly investor research
04 January 2021
China reached an investment deal with the EU in spite of warnings from the incoming US administration against rushing into a deal. Brazil’s fiscal accounts deteriorated less than expected. South Korea registered stronger than expected economic data. The Central Bank of Turkey hiked its main policy rate by 200bps in a bid to anchor TRY. Argentina’s budget deficit was narrower than expected. Russian President Vladimir Putin approved a bill allowing presidents to become senators for life.