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Market Movers: Balloon Burst, Newmont Deal, Storage M&A, and Rate Risks"


The shooting down of a Chinese surveillance balloon by the US over the weekend has caused an angry reaction from Beijing and a reality check for Chinese assets.



The balloon's flight over Montana, where several US strategic missile sites are located, led to the cancellation of a planned meeting between the US Secretary of State and the Chinese President. This incident, coupled with recent reports of the US tightening restrictions on Huawei, has revived concerns of a fresh deterioration in US-China relations and its potential impact on the markets.


The Eurozone's retail sales in December were disappointing, but German factory orders picked up, offering hope that the economy may be close to turning a corner. The euro has weakened since the European Central Bank's latest press conference.


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