LONDON – Stock markets rose Thursday as investors weighed US President Joe Biden’s economy-boosting infrastructure project against renewed COVID-19 lockdowns.
Oil prices were higher as the OPEC+ nations were meeting, with most analysts tipping the alliance to extend current output cuts.
Biden said Tuesday his much-anticipated new package will see a “once-in-a-generation” investment of more than $2 trillion in transportation, telecoms and energy infrastructure while creating millions of jobs.
And while he warned his eight-year plan, which comes just months after the passage of a $1.9 trillion stimulus, will be paid for by higher taxes for corpo…
Keep on reading: Stocks rally after Biden infrastructure boost