Biden whittles down plan to win support
Friday 25th June 2021Joe Biden has struck a deal to push ahead with his infrastructure plan – a much reduced version. That’s helped US equities today. Ahead of that, it was a mixed day on the markets says NAB’s Gavin Friend, as Fed speakers gave mixed views on the duration of inflation and the Fed’s likely response. Data was also mixed, with weekly jobless claims not falling as much as hoped and durable goods orders a little weaker than expected. The Bank of England, who might have been a little more hawkish, actually took a very dovish stance. The data form Europe was largely positive and…
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