Markets rally on strong economic data, investors react to Biden’s sanctions on Russia

Summary: Global equities reached new heights and Treasuries rallied sharply on Thursday on the back of upbeat economic data in the US, and Dubai has become the first city to sign a contract with an autonomous taxi manufacturer. Plus, US president Joe Biden imposed new sanctions on Moscow on Thursday. The FT’s markets editor, Katie Martin, explains how investors reacted.  Global stocks hit record highs on strong economic data https://www.ft.com/content/c1ee361d-6ee6-4697-ba8a-865542bb4704 Biden imposes tough new sanctions on Moscow https://www.ft.com/content/b2bf1be3-a10c-4963-9deb-8a6b319e9363 Dubai strikes deal with Cruise to roll out self-driving taxis https://www.ft.com/content/33f3f86b-2558-4344-98b0-5c3cd529e93f Flying cars finally prepare for take-off https://www.ft.com/content/3ca1338d-3c31-4c70-ac09-12a0870212e3?  <br><hr><p style="color: grey;">See <a style="color: grey;" target="_blank" rel="noopener noreferrer" href="https://acast.com/privacy">acast.com/privacy</a> for privacy and opt-out information.</p>