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Biden’s wealth tax and renewable energy plan moving markets

Two major announcements coming from the Biden administration have had a significant effect on Thursday trading. The first announcement, centered on the US’s renewed focus on clean energy, had a hard time countering the second announcement, regarding a hike in capital gains tax rate. Consequently, some sectors related to clean-tech are up, while the market as a whole closed down.

Read the full story at fxstreet.com

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