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Small Uplift in Stocks as Biden Secures Infrastructure Package

EQUITIES
  • Wires confirm that Biden has secured an infrastructure package with bipartisan support. Seems some compromises have been made on both sides, with Biden acknowledging that neither side got what they wanted, with Biden making serious compromises on human infrastructure.
  • Republican senator Portman also states that the deal is a good compromise that will help the American people. Portman also discloses that there are no new taxes.
  • Small uplift in equity markets on the back of those headlines, with the e-mini S&P now trading within 3 points or so of the earlier session highs.
  • This news wasn't a huge surprise, with senators and press trailing the news late yesterday and overnight. Nonetheless, a big moment for Biden, who Politico report will now be holding an 'Infrastructure Ceremony' later today
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
EM BulletHomepagemarkets-real-timeFixed Income BulletsEquitiesBulletMarketsEmerging Market NewsForeign Exchange Bullets

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