Stimulus time? While Donald Trump became the first president impeached by the House twice (impeachment still set to be sent to the Senate for trial), it looks like Joe Biden is already working behind the scenes. Reports suggest that he is planning a $2 trillion stimulus package, boosting investors’ hopes this morning. EU indices are mostly trading up with cyclicals outperforming defensives. Note that taking a step back, they remain pretty much unchanged this week (SXXP -0.07% vs Friday’s close). Encouragingly though, the Stoxx VIX (V2X) finally dropped below 20, which would be a 10m closing low here (19.9 last). Keep an eye on it, if it closes here, it would be a new bullish signal in Europe.
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