Stronger growth and accommodative economic policy in the US

Optimism should prevail on financial markets: the Fed was more confident about activity recovery but committed to let its policy unchanged, as the inflation spike should remain “transitory”. Joe Biden unveiled his new $1.8tn stimulus package focused on social measures and tax fairness. The plan will now be debated at the Congress and will likely be substantially modified, but it marks a good end to the 100 first days of Mr. Biden’s presidency. The economic agenda is full today: inflation and unemployment in Germany, EU Commission survey, money and credit in the euro area and the first estimate of Q1 GDP growth in the US! Risk appetite supports the euro vs the USD: the EUR/USD exchange rate has broken a key resistance and is now trading above 1.21.

Share this news :

You might also read :

January 25, 2022

EUAs eroded early gains on falling equities

The power spot prices surged near 300€/MWh in northwestern Europe yesterday, lifted by forecasts of a wind surge combined with a strong demand and higher…
December 12, 2022

The shadow of recession cools markets

Macro & Oil Podcast #8 In this EnergyScan podcast, Olivier Gasnier tells us about the publication of several economic indicators last week fuelled market fears…
September 27, 2021

Germany and China in the spotlight

The German elections have produced an even closer result than expected. The outcome of the forthcoming negotiations to form a government coalition looks very uncertain. The SPD…
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?