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Stocks cheer prospects for low rates, copper shines

Stocks cheer prospects for low rates, copper shines   Published On Oil prices were buoyed after a cyber attack shut down a US pipeline operator MILAN (Reuters) - World stocks and copper prices hit new peaks on Monday on bets that interest rates will remain low and the economy will continue its recovery, while oil prices jumped after a cyber attack on a U.S. pipeline operator. MSCI s gauge of stocks across the globe hit a fresh record high and was up 0.2% by 1109 GMT, driven by gains across Asian markets and a steady session in Europe. Copper raced to a new all-time high as investors worried about missing out on further gains driven by expectations for improved demand amid tightening supply.

Infrastructure plan: Biden s blueprint should lift economy, eventually

USA TODAY President Joe Biden’s $2 trillion infrastructure plan could keep this year’s projected economic boon from slowing significantly in 2022 following the COVID-19 downturn, while boosting growth and productivity over the long term, economists say. It keeps the party going, economist Troy Ludtka of research firm Natixis says of the infrastructure legislation. Some analysts, however, say the blueprint could actually hinder the economy in 2022 before it begins to juice growth in later years. That s because infrastructure projects will take a couple of years to roll out while higher taxes may dampen business investment and economic activity in the meantime.

Recovery bets support stocks as Fed comes in focus

Recovery bets support stocks as Fed comes in focus
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