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New US infrastructure plan to boost market confidence
Apr 7,2021 13:50CST
SMM Insight
Source:SMM
The US economic data was upbeat last week, with new orders growing strongly. The manufacturing PMI stood at 64.7, the highest since 1983, and ADP non-farm payrolls stood at the highest since September 2020. The US dollar index stood at a high of around 93.4. Investors were away from market on Friday due to the Qing Ming Festival Holiday.  Upbeat PMI in China boosted bulls confidence, bolstering Chinese stocks and commodities.
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