Hawkish commentary from the ECB has pushed up European yields, whilst weak consumer sentiment hits US equities. NAB’s Taylor Nugent talks through market moves overnight.
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