Global markets lifted by Biden’s £953bn infrastructure plan – business live | Business

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Joe Biden’s announcement of a bipartisan agreement on a $953bn infrastructure plan – billed as the largest investment in public transit in American history – has boosted stock markets in the US and Asia. On Wall Street, the S&P 500 and the Nasdaq closed at new record highs of 4,266 and 14,369 respectively.

In Asia, Japan’s Nikkei rose 0.66% while Hong Kong’s Hang Seng climbed 1.4% and the Australian stock market added 0.5%.

President Biden

We’ve struck a deal. A group of senators – five Democrats and five Republicans – has come together and forged an infrastructure agreement that will create millions of American jobs.

June 24, 2021

Michael Hewson, chief market analyst at CMC Markets UK, says:

Last night’s gains [on Wall Street] were helped by the bipartisan…

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