Agreement on an infrastructure stimulus plan in the US

The White House has reached a deal with a bi-partisan group of Senators at the Senate on an infrastructure package including $579bn in new spending. This is far from the whole $2.3bn plan announced by Mr. Biden in March. Social spending could be part of another plan that Democrats will try to pass without the support of the Republican party. The equity market reacted positively to the news and reached new record-high levels in the US. The bond market posted no reaction. Fed speakers had no impact either. The USD was slightly down again. The EUR/USD exchange rate is now trading around 1.1940.

Key parts of infrastructure deal between White House, group of senators
Share this news :

You might also read :

ES-power
May 18, 2021

EUAs took a breath from last week’s rally

The European power spot prices remained rather stable yesterday, torn between expectations of higher power demand and weaker wind production, and forecasts of improved French…
ES-power
September 27, 2021

EUAs climbed to new record above 64€/t

The European power spot prices for today observed mixed variations from Friday to reach close levels near 140€/MWh. Averaging 141.94€/MWh in the four countries, the…
ES-power
January 19, 2022

Calm session for the carbon and power markets

The European power spot prices retreated yesterday, pressured by forecasts of surging wind output and higher solar and hydro generation. The day-ahead prices averaged 196.07€/MWh…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Don’t have an account yet? 

[booked-calendar]