Global stocks mostly fell Wednesday with sentiment hit by inflation concerns ahead of US President Joe Biden unveiling his latest spending plans. Biden is due to announce a $2 trillion infrastructure programme, which will be financed by more borrowing and a hike in the corporate tax rate. Global stocks mostly fell Wednesday with sentiment hit by inflation concerns ahead of President Joe Biden unveiling his latest spending plans, dealers said. "Today's key event will be the unveiling of Biden's infrastructure plan - another bold move by the US President," said OANDA analyst Sophie Griffiths. Griffiths said bond yields will be very much in focus following the announcement and would likely determine the direction for equities trading.

Source: News 24 March 31, 2021 12:11 UTC