Risk appetite sentiment is seeing new signs of life after a Bloomberg news that The European Union 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 come after EU leaders hold an emergency summit in Versailles, France, on March 10-11.”
“Officials are still working out the details of how the debt sales would work and how much money they intend to raise.”
market reaction
Amid a new wave of risk appetite, S&P 500 futures have recouped early losses. At time of writing it’s up 0.20% on the day.
Meanwhile, gold prices have retested the $2,000 level after reaching the highest level since August 2020 at $2,021.
Source: Fx Street
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