— The U.S. economy grew a strong 3.3% annualized in the 4th quarter of 2023, while inflation pulled back, giving credence to a soft landing.
— U.S. pending home sales rebounded to +8.2% in Dec., the best performance since 2020, as a drop in mortgage rates and steady home prices enticed buyers.
— The Biden administration is expected to announce additional subsidies for semiconductor companies to encourage the building of chip plants in the U.S.
— China will suspend the short-selling of Chinese stocks as of January 29, after Chinese equities hit five-year lows in the past week.
— Virtually all European banks (90%) have loan portfolios that are misaligned with global climate goals and the EU’s 2050 net-zero target, per an ECB survey.
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