Dollar Dips, Jobless Claims, TSM Spending Spree, OPEC+ – What’s Moving Markets By Investing.com – Investing.com

Dollar Dips, Jobless Claims, TSM Spending Spree, OPEC+ – What’s Moving Markets By Investing.com – Investing.com

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By Geoffrey Smith 

Investing.com -- The dollar and U.S. bond yields dip after President Joe Biden outlines plans to raise corporate taxes and spend big on infrastructure. Weekly U.S. jobless claims are due, while manufacturing in Europe is enjoying the global rebound. Microsoft (NASDAQ:) gets a $22 billion order from the U.S. army, while Taiwan Semiconductor Manufacturing is going on a $100 billion spending spree to fix the world's chip shortage. OPEC meets with Russia and others to hammer out a production policy for May. Here's what you need to know in financial markets  Here's what you need to know in financial markets on Thursday, April 1st.

1. Dollar, bond yields slip after Biden flags tax hikes to fund spending plans

The U.S. dollar slipped from recent highs, with U.S. Treasury bond yields easing in parallel, after President Joe Biden flagged his intention to to 28% over the medium term to help fund some $2.25 trillion of infrastructure spending plans.

Biden's