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CHINA PRESS

China Should Maintain Pro-Growth Policies: Newspaper

AUSTRALIA DATA

Australia Q3 CPI +0.8% Q/Q;+3.0% Y/Y

AUSSIE BONDS

Underlying CPI Back Above 2.0%, Bonds Pressured

MYR

Bearish DMA Cross Eyed

US TSYS

Tight Start

FOREX

AUD Catches Light Bid Ahead Of Aussie CPI

US
  • Biden "will not let inaction be the final answer" on his infrastructure spending plan, and will change course if it becomes clear a bipartisan outcome is impossible - top White House adviser.
  • Senate Republicans parsed the trimmed-down $1.7tn infrastructure proposal from the White House, saying the revised offer suggested the two sides were even further apart than the GOP lawmakers had thought. Sunday brought no change in tone.
  • Biden aide Cedric Richmond said the president showed good faith by coming down $550bn from his original proposal.
  • "The real question is whether the Republicans will meet the effort the president is showing," "We're still pretty far apart," Senator Susan Collins, a Maine Republican
  • citing differences between the parties on the scope of spending as well as the price-tag.
  • "Negotiations should continue, but it's important to note that there are some fundamental differences here, and at the heart of the negotiations is defining the scope of the bill.
  • Republicans have urged spending be confined to traditional items like highways, bridges and airports,
  • while the Biden plan reflects a more expansive view of infrastructure that includes funding for elements such as care for the elderly and disabled and for retrofitting homes to be more energy efficient.
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com