Friday 21st May 2021
Equities bounced back in the US and Europe as markets re-evaluated the comments about the timing of tapering in this week’s FOMC minutes. The US dollar is also lower, along with bond yields. NAB’s Gavin Friend points out that this is the third turnaround Thursday in a row. Will it become habit forming? On today’s podcast more discussion about differing attitudes to inflation, plus a look at yesterday’s job numbers in Australia and a look ahead to today’s flash PMI numbers for many parts of the world.