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 datahttps://www.ft.com/content/c1ee361d-6ee6-4697-ba8a-865542bb4704Biden imposes tough new sanctions on Moscowhttps://www.ft.com/content/b2bf1be3-a10c-4963-9deb-8a6b319e9363Dubai strikes deal with Cruise to roll out self-driving taxishttps://www.ft.com/content/33f3f86b-2558-4344-98b0-5c3cd529e93fFlying cars finally prepare for take-offhttps://www.ft.com/content/3ca1338d-3c31-4c70-ac09-12a0870212e3? See acast.com/privacy for privacy and opt-out information.