1. Europe’s largest economy is expected to achieve “significantly positive” inflation in January for the first time in nearly half a year. It also warns of uncertainty about the outlook for inflation, and there is still uncertainty about whether changes in tax rates are fully reflected in statistics due to the closure of operations caused by blockades of large-scale outbreaks.

2. California has become the first state in the United States to have more than 3 million confirmed cases of COVID-19. More than 1 million of these cases are concentrated in Los Angeles County, and about 1/10 of the local population have been diagnosed, but local health officials speculate that the actual number of infections could be as high as one in three people.

3. Britain’s FTSE 100th index fell 0.11% to 6712.95, France’s CAC40 index fell 0.33% to 5598.61, and Germany’s DAX index fell 0.24% to 13815.06.

4.On January 20, local time, US President-elect Joe Biden was formally sworn in as the 46th president of the United States at the inauguration ceremony held on Capitol Hill in Washington. The three major indexes of US stocks collectively opened higher, while technology stocks performed strongly, leading the NASDAQ to rise more than 1% at the start of the session, setting a new all-time high. 

5.FedEx’s FedEx Express division announced that it will cut 5500 to 6300 employees in Europe as the company is nearing completion of the integration of its TNT Express delivery network. 

6.In view of the changes in the epidemic caused by a variety of mutations found in other countries, Canada will soon announce measures to strengthen restrictions on travel and entry abroad. He advises all Canadians to cancel the travel schedule they have scheduled in recent days or to avoid going on holiday in the near future. He warned that traveling abroad is likely to be stranded abroad because of the virus. 

7.Us Treasury Department: in November 2020, China’s holdings of US Treasuries increased by 9 billion US dollars. After six months, China’s holdings increased again to 1.06 trillion US dollars, still the second largest overseas holder of US Treasuries. Japan’s holdings of US Treasuries decreased by 8.7 billion US dollars for four consecutive months to 1.26 trillion US dollars, but it is still the largest overseas holder of US Treasuries.

8.On his first day of office, Biden signed 17 executive orders overturning Trump’s decisions, including three major areas: the COVID-19 epidemic, climate and immigration policies, such as returning to the World Health Organization, returning to the Paris Climate Agreement, halting the construction of the border wall between the United States and Mexico, and ending travel bans on Muslims and some African countries, according to CNN.

9.French pharmaceutical giant Sanofi has announced plans to cut 400 jobs in its research and development department in France and thousands of jobs in Europe over the next three years, which will be implemented this year. Trade union organizations held strikes and demonstrations to protest against layoffs. French economy and Finance Minister Lemerre said that Sanofi is France’s “industrial flagship” and that it is necessary to clarify plans such as layoffs.

10.ECB: three key interest rates remain unchanged. The main refinancing rate remains unchanged at 0%, the deposit rate remains unchanged at-0.5%, and the marginal lending rate remains unchanged at 0.25%, in line with expectations.