It was the third turnaround Thursday for the S&P index in the US says NAB’s Gavin Friend. On today’s podcast we look at why this might be. Plus, it’s PMI day today.
10.1 percent inflation in the UK. Even worse than expected. This can't be fixed by monetary policy. Bad time to have a zombie government.
Don’t expect a big increase in Australian wages today says NAB’s Rodrigo Catril in today’s podcast. That will come later in the year. Meanwhile the RBNZ continues to push hard on rate rises., with another 50 basis points expected today. https://t.co/Dr86bjVFY8