HONG KONG – Equities and oil prices rose again Friday, building on the week’s global rally, after US lawmakers and the White House agreed a rare bipartisan deal on infrastructure that will provide another huge cash injection into the world’s top economy.
The advance came after the S&P and Nasdaq chalked up more records in New York as traders turned their attention back to the strong recovery from last year’s collapse and away from the expected taper of ultra-loose Federal Reserve monetary policy.
Optimism across trading floors was already buoyant after a string of central bank officials soothed worries that they will take away the punch bowl too quickly.
But bu…
Keep on reading: Asian markets, oil rally as US spending deal boosts recovery outlook