How Biden's stimulus plan shook up global financial markets
16 Jan, 2021 06:19 PM
5 minutes to read
US President-elect Joe Biden. Photo / Getty Images
Financial Times
By: Eric Platt and Colby Smith
The "blue wave" hit later than expected, but with enough strength to force a reordering of global financial markets.
Victories in US Senate run-off elections in Georgia held on January 5, which handed the Democratic
party control of Congress to add to the presidency, jolted investors into overhauling their portfolios in anticipation of the beefed-up fiscal stimulus promised by US president-elect Joe Biden — who detailed his US$1.9tn plan on Thursday.
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