China reaches landmark investment deal with EU, isolating the US

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.