“Now is the time to rebuild,” Biden said in a speech. Biden announced $2.3 trillion worth of spending to be spread out over an 8-year period
The UK food delivery giant Deliveroo shares plunged 30% on its stock market debut on Wednesday. The company share price opened at £3.02 and then it dropped to a low of £2.83 within the first 20 minutes of trading.
The US dollar index rose to a fresh year high while the Dow Jones climbed to a new record high on Tuesday ahead of confirmation of President Biden’s infrastructure package on Wednesday. Biden expected to announce an infrastructure plan that is expected to cost more than $3 trillion.
Crude oil prices slightly rebounded, during the Asian session, the oil prices fell after the re-floating of the Ever-Green vessel that was stuck along the Suez Canal.
EURUSD bearish momentum continues for the fourth consecutive day. The currency pair hits a fresh yearly low of 1.1760 on Thursday. The recent sell-off fuelled by rising COVID-19 cases and the extension of restrictive measures across Europe.