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Market Brief: Trumped Impeached, Markets Care Not
Trump became the third US president in history to be impeached. The first article was 230-197 in favour of ‘abuse of power’ and the second was 229-198 on ‘obstruction of congress’. Whilst this means a Republican-led Senate trial will now be held, Trump is not expected to be ousted by his GOP chums. Meanwhile, Trump was lashing out at Democrats during his Michigan rally. Australian employment data finished the year on a brighter note, with unemployment falling to 5.2% with 39.9k jobs added (25.9k better than expected). This saw odds of a Feb cut fall from 60% to 45%. BOJ stand pat (again) at their final ... (full story)