Markets Rally Ahead of Biden’s Philly Talk

Thursday 1st April 2021Joe Biden and Treasury Secretary Yellen are about to give the details of their long-awaited infrastructure spending plan, but NAB’s Tapas Strickland tells Phil Dobbie that most of the detail has already been released. And the response to the markets has clearly been favourable, with share prices reaching new highs overnight. Bond yields have also been rising. They also discuss Australia’s residential building approvals, US jobs data and China’s rising PMIs. Tapas explains how a slower recovery in Europe could actual be good for the Chinese economy.

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