Stocks were little moved since yesterday, the US Indexes ended a bit mixed with the Dow Jones up 0.4%, the S&P 500 up 0.12% and the Nasdaq actually 0.01% lower. The USD Index remains above 90, Silver at 27.75 and Gold at 1892. Bitcoin fell below 40k again.
Driver is basically a tug of war between stimulus measures and the fear of rising rates and yesterday both were on the rise. The US 10 Year Yield rose back to 1.62% on the back of low initial jobless claims and there seems to be progress in the discussions on the US Infrastructure package. Republicans presented a proposal worth 928 bio.
The New York Times expects Joe Biden to announce a 6 trillion budget for 2022.
Japanese Data showed a rising jobless rate in combination with lower prices in the Tokyo area, making more government programs likely. The Nikkei rose almost 2%.