Last week’s U.S. Treasury yield highs recede with stock futures rising sharply. Sentiment has been partially boosted by higher prospects for stimulus with President Biden urging Senate to pass his $1.9tn Covid-19 stimulus bill after it was approved by the House of Representatives. Legendary investor Warren Buffett warns to “never bet against America” in his annual Berkshire Hathaway shareholder letter. Buffett announced he had bought close to $25bn of the company’s own shares in 2020. Meanwhile, weak export demand and continuing virus outbreaks have reduced Chinese factory activity to its slowest pace in nine months. And in tech news, Swiss-American computer software giant Logitech increases its full-year outlook on a predicted spike in pandemic-related sales.

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