S&P 500 futures jump as EU may consider massive joint bond sales to fund energy, defense
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Risk sentiment is seeing fresh signs of life following a Bloomberg report that the European Union (EU) is set to outline a plan this week to jointly issue bonds on a potentially massive scale to finance energy and defense spending.
Additional details
“The proposal may be presented after the EU’s leaders hold an emergency summit in Versailles, France, March 10-11.”
“Officials are still working out the details on how the debt sales would work and how much money they intend to raise.”
Market reaction
Amid a renewed risk-on wave, the S&P 500 futures recovered losses, last seen up 0.20% on the day.
Meanwhile, gold prices fell back to test $2,000 after hitting the highest level since August 2020 at $2,021.
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