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Daily Alert: US Senate passes USD1 trillion infrastructure package

  • The US Senate passed a USD1 trillion bi-partisan infrastructure bill (69-30) after months of gridlock and the prospect of continued policy stimulus provided a mild boost to markets overnight.
  • A period of volatility beckons as markets try to distinguish between growth-supportive factors and possible growth suppressants.
  • Developments across the Tasman don’t seem quite as rosy, with delta variant cases in New South Wales (356 new cases yesterday) climbing and suggesting no imminent end to the Sydney lockdowns.

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