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

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. 

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February 24, 2021

EUAs traded rangebound amid mixed drivers

The power spot prices dropped further in north western Europe yesterday amid forecasts of milder temperatures and stronger wind production. Prices fell by 8.49€/MWh to…
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