Risk appetite is returning ahead of the Easter holidays. Equity markets are broadly higher, with gains of around 0.8% for EM Asian indices, the Nikkei adding 0.7%, and the EuroStoxx 600 up 0.5%. U.S. futures are pointing to a small positive open. Fixed income markets are stable after U.S. President Biden announced his fiscal plan, mostly as expected. The 10-year yield is at 1.72%. The dollar is mixed, weakening against EM currencies but slightly firmer against majors. Oil is bouncing back ahead of the OPEC meeting, with Brent up 1.5% to $63.7 per barrel.