Daily Alert: Markets in positive mindset ahead of Biden speech
- Markets traded with a generally positive tone ahead of this morning’s speech by US President Biden on US infrastructure spending.
- Locally, the full March reading of the NZ ANZ business outlook showed a modest fall in most of the activity metrics from the survey (apart from climbing employment intentions) pointing to slowing momentum.
- In data releases, a slew of manufacturing PMI data is out for China, the UK, Eurozone, US (ISM manufacturing and manufacturing PMI), along with US initial jobless claims (mkt: 675k) and March payrolls data (mkt: +650k, prior 379k).
