Joe Biden’s stimulus package in line with expectations

The US equity markets edged down ahead of Mr. Biden’s speech and profit taking may continue, as there was nothing surprising with this plan that is moreover not certain to be voted as is. Bond yields are stable and the USD keeps on strengthening, the EUR/USD trading below 1.2150 now. US jobless claims figures brought confirmation of the deterioration in the job market. In Europe, the French government announced a tightening in measures restricting mobility and the German Chancellor called for stricter lockdown to counter the spread of the “UK variant” of the virus.

job-market-deterioration
Share this news :

You might also read :

ES-oil
November 15, 2021

SPR release in the void ?

Crude prices remained pressured, sticking to the 80-82 $/b range, as the possibility of a US SPR release limited prompt tightness. With such growing political…
ES-economy
October 29, 2021

Bond yields and the euro rebound

We spent the week noting the curious decline in bond yields while the US figures were frankly good. If they rebounded yesterday, it was not…
ES-gas
September 28, 2021

Strong price increase

European gas prices increased strongly yesterday, supported by ongoing concerns on low stock levels ahead of the winter. The rise in Asia JKM prices (+7.53%…
Join EnergyScan

Get more analysis and data with our Premium subscription

Ask for a free trial here

Subscribe to our newsletter
Thank you for subscribing to our newsletter​

We will get back in touch with you soon.

Don’t forget to follow us on twitter!

EnergyScan - Newsletter subscription

Don’t have an account yet? 

[booked-calendar]