Biden’s plan bets big on infrastructure and the “old” economy

Macro-economy
April 1, 2021

Biden’s $2.3 trillion recovery plan boosted growth expectations in the US, pushing stocks higher globally. US Treasuries were under pressure, with the 10Y yield climbing at 1.753%. European stocks continued to underperform, with declines on the FTSE, CAC and DAX as France extended the regional lockdown nationally.

Share this news :

You might also read :

December 10, 2021

Sharp downward correction in power and EUA prices

Profit taking after an historical rally dragged overbought EUA prices sharply down on Thursday with a record daily loss of €8.68/ton for the benchmark Dec-21…

February 11, 2021

US inventories drop, helping WTI-Brent spreads

Brent prompt future price consolidated at 61 $/b, amid an increasingly bullish US crude market, pushing US grades higher compared to North Sea values. However,…

April 22, 2021

Mixed European prices

European gas prices were mixed again yesterday, torn between the opposite effects of warmer weather and higher storage injection needs due to weak stock levels.…

Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter

Biden’s plan bets big on infrastructure and the “old” economy

You might also read :

Sharp downward correction in power and EUA prices

US inventories drop, helping WTI-Brent spreads

Mixed European prices

Simplifying energy markets