Message : Required fields Stock markets continue their upward march, after the announcement of fresh spending programs from the Biden administration. This comes after the end of an unusual first quarter, marred by the revolt of small shareholders against short sellers, the collapse of Greensill and Archegos and the failure of the European vaccine campaign. Since we have just closed a quarter, an index review is in order. The vast majority of equity markets have performed well. Gains ranged from 2.78% for the Nasdaq to 7.77% for the Dow Jones. In Asia, India and Japan recovered 6-7% but Hong Kong's Hang Seng limited its gains to 4.5% and Australia's ASX to 3%. The most prominent sectors at the beginning of the year are energy, with the rebound in oil. Banking, with the rise in bond yields and investor appetite for discounted stocks. And industry, which benefited from the presence of cyclicals in its ranks.