The U.S. markets rally continues with investors focusing on growth stocks. The Nasdaq closes on a record high while the S&P 500 nears a new peak and the Dow enjoys its best day since March. Congress hears from Federal Reserve Chairman who says the central bank will not waver by raising rates too soon on fears of surging inflation. Brussels green-lights Rome’s recovery plan with €190bn set to be dispersed. UK Foreign Secretary Dominic Raab is in Vietnam in a bid to create close trade ties with Pacific nations, accessing the CPTPP bloc.
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