Wednesday 14th April 2021
It’s been a session with mixed messages. Inflation is showing up in data, including higher than expected CPI in the US yesterday. We’re seeing it in input prices in the NAB Business Survey too, Of course central banks continue to say that any rise will be transitory, but are the markets convinced? Meanwhile, the global recovery that will give rise to that inflation could be temporarily stalled as the Johnson and Johnson vaccine deployment has been halted in the US and in Europe, where it was is expected to inoculate a quarter of all adults. Phil Dobbie talks to NAB’s Rodrigo Catril about the day’s market action.