U.S. Republicans are expected to unveil a new infrastructure proposal as early as Tuesday as optimism grows about a possible bi-partisan deal that would cover a fraction of President Joe Biden’s $2.3 trillion infrastructure plan. Senator Shelley Moore Capito, who is leading the Republicans infrastructure drive, announced an initial $568 billion infrastructure plan, which Democrats considered inadequate. Meanwhile, U.S. Trade Representative, Katherine Tai, discussed a range of trade issues with Canadian Trade Minister Mary Ng on Monday. The U.S.-Mexico Canada Agreement Free Trade Commission is readying potential tariffs on six countries while international negotiations on the issue proceed. And in London, a better-than-expected jobs data strengthened views of a stronger economic recovery from the pandemic, and triggered a rise in the FTSE 100 index.
To the charts now:
U.S. stocks:
DOW: -54.34 (34,327.79 USD)
S&P 500: -10.56 (4,163.29 USD)
SPOT GOLD: 1,870.50 USD
U.S. DOLLAR CROSS RATES:
YEN: 108.9200
EURO: 0.8195
STERLING: 0.7040
SW FRANC: 0.8977
CAN: 1.2020
AUD: 1.2819
EUROPEAN MARKETS:
UK FTSE – 100: +35.50 (+0.50%, at 7,068.35 GBP)
FRANCE CAC-40: +28.91 (+0.45%, at 6,396.26 EUR)
GERMAN DAX-30: +63.45 (+0.41%, at 15,460.07 EUR)
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