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.
Eurozone inflation finally reached a new high in January (5.1%), driven by energy and food prices. Inflation accelerated to 5.3% in Italy. In many countries, the…
European gas prices were mixed on Friday, torn between (slightly) more comfortable spot fundamentals and ongoing strong Asia JKM and parity prices with coal for…
Crude oil prices fell back a little overnight, but after rising sharply before a potential Russian attack on Ukraine. The price of Brent 1st-nearby touched…
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