President Joe Biden’s $2.25 trillion infrastructure plan is geared to benefit construction firms, chipmakers, machinery providers and specialty contractors the most, according to Bloomberg Intelligence analysis.

MOSCOW, April 16 Reuters The rouble strengthened past 76 versus the dollar on Friday, clawing back losses sustained in the previous session when the United States announced fresh sanctions against Moscow, including curbs to Russias sovereign debt. By 1147 GMT, the rouble was 0.5 stronger against the dollar at 75.93, earlier gaining over 1 to […]

Gold futures headed higher Friday morning for a second straight day, putting bullion on track for the sharpest weekly rise in about a month. The precious metal was benefiting from benchmark bond yields receding, weakness in the U.S. dollar, and a pullback in bitcoin, one of the assets seen competing against safe haven gold. June gold was trading […]

LONDON, April 16 Reuters Copper was on track for its biggest weekly rise in two months on Friday after solid U.S. and Chinese economic data pushed global stock markets to near record highs and several investment banks predicted higher prices for the metal. However the numbers from China, the biggest consumer of metals, were a […]

Rates as of 0500 GMT Market Recap Not much worth writing about in the FX market today! Very small movements except in AUD and NZD. It seems that the blowout US data yesterday has improved the riskon sentiment. US retail sales were up 9.8 mom vs 5.8 forecast, jobless claims fell an enormous 168k vs […]

A growing number of fixed income traders are turning to portfolio trades when they want to buy or sell a large number of bonds quickly.

AMSTERDAM, April 16 Reuters Euro zone bond yields rose on Friday, following an overnight jump in U.S. Treasury yields after a hefty rally a day earlier. U.S. Treasury yields dived to onemonth lows on Thursday as a possible safehaven bid related to increased U.S.Russia tensions, along with Japanese buying and technical factors, helped overshadow betterthanexpected […]

European stocks hit a record high on Friday after strong U.S. and China data spurred optimism about a speedy global recovery, while strong results from Germanys Daimler boosted carmakers. The panEuropean STOXX 600 index rose 0.3. The German DAX gained 0.6 to hit an alltime high, while UKs FTSE 100 was up 0.4. Global stocks […]

Londons FTSE 100 rose above the 7,000mark on Friday for the first time since the pandemic pummelled financial markets last year, as speedy vaccine rollouts and government policy support lifted investor sentiment about a stronger economic reopening. The bluechip index climbed 0.3 to 7,005.68, with heavyweight banking, energy, mining stocks that stands to benefit from […]

TOKYO, April 16 Reuters Japanese shares closed slightly higher on Friday as heavyweight chip shares rallied, although concerns around corporate outlook capped the gains. The Nikkei index ended up 0.14 at 29,683.37, while the broader Topix inched up 0.09 to close at 1,960.87. Chiprelated shares gained after Taiwan Semiconductor Manufacturing Ltd TSMC, reported a 19.4 […]