US fall in GDP might have been a surprise, but NAB’s Tapas Strickland says the numbers really showed the domestic economy was still performing relatively well. Inflation is an increasing concern in Europe, forcing the Riksbank to lift rates well ahead of the ECB.

The RBA no longer has a strong argument to keep rates at 0.1% says NAB’s Ivan Colhoun, predicting a rise next week. Meanwhile, NAB’s Rodrigo Catril says Europe has to reach an arrangement with Russia – there isn’t even energy without them.

Russia turns off gas to Poland and Bulgaria. NABs Ray Attrill says markets were already n the doldrums over recession fears. Today’s CPI numbers will be watched closely by the RBA ahead of next week’s meeting.

There’s a risk-off mood. NAB’s Taylor Nugent says equity investors belatedly “got the memo” on the Fed’s front-end loading for rate rises, whilst fears of more lockdowns in China add to the concerns.

Bond yields are back on the rise, hitting equities. NAB’s Ken Crompton says today’s surprise has been the more hawkish sentiment coming from some ECB members.

Inflationary pressures remain, but the focus is how quickly the prices will come down, says NAB’s Taylor Nugent. It’s all keeping markets guessing, with this morning reflecting a turnaround on yesterday for bonds, the dollar, oil prices and, to an extent, equity prices.

Bond yields are rising, but so are US shares. NAB’s Ray Attrill looks at the reasons why in today’s Morning Call. Plus IMF forecasts downgrade growth, except for Australia.

There are enough signs to suggest the US economy might be slowing says NAB’s Tapas Strickland, but markets are still expecting a big hike at the next Fed meeting.

Despite big rises by RNZ and BoC bond markets are taking a breather, says NAB’s Gavin Friend, which has given a reprieve for stocks. Yet there are numerous indicators suggesting inflation is only going to get worse, although could it be topping out in the US?