Mar 11, 2021 03:31 GMTFXStreet News
S&P 500 Futures rise for the third consecutive day, on the bids near intraday top off-late.
Chatters of upcoming $2.5 trillion infrastructure plan followed the passage of $1.9 trillion stimulus to favor risks.
US-China tussle, light calendar and pre-ECB cautious mood probe the sentiment.
S&P 500 Futures stays on the front foot near the monthly high while taking bids around 3,910, up 0.40% intraday, during early Thursday. In doing so, the risk barometer recently benefited from the US House passage of President Joe Biden’s $1.9 trillion covid stimulus.
In addition to the much-awaited fiscal relief, market rumors that the US leader is ready with another liquidity boost, via infrastructure plan, also favored the mood. Furthermore, banks trying to reject the reflation fears despite the looming debt-to-GDP ratio and anticipated increase in stimulus add to the market optimism.