The UK Prime Minister has resigned and NAB’s Gavin Friend says we will know her replacement next week. Meanwhile, markets are more concerned about rising inflation concerns.

The bear rally is over and now we’re back to wondering how high central banks will go says NAB’s Taylor Nugent, as US 10 year yields hit a 14 year high.

Shares are up, but NAB’s Ray Attrill describes it as another bear market rally. Meanwhile, as inflation continues to rise the question being asked again is, have we peaked yet? There’s scant evidence to suggest it has.

Britain has rushed through a big u-turn in their unpopular budget but JBWere’s Sally Auld says they still have a big budget black hole. Meanwhile rises in US equities. Buying the dip?

Yields pushing higher on both sides of the Atlantic – because of inflation in the US, unfunded debt in the UK. NAB’s Rodrigo Catril says the uncertainty is giving the Aussie dollar a trouncing, compounded by the slower path of hikes by the RBA.

The most surprising response to the higher-than-expected CXPI read was the sharp recovery in US stocks overnight. Bond markets, meanwhile, have priced up mire hikes for longer.

The Fed shows no signs of letting up. And, despite the turmoil and a likely recession, NAB’s David de Garis says the BoE’s Huw Pill is still talking of a significant rate rise in the UK.

The BoE has been forced to step in again. NAB’s Ken Crompton says it’s no surprise they have been forced to buy index linked bonds because that is the main stock of pension funds. But how long will this uncertainty remain in the UK? And why the widening gap between business and consumer confidence in Australia. Who’s right?

Rising uncertainty and a lowering Aussie dollar. NAB’s Rodrigo Catril says there are a number of things hitting sentiment today.

Friday’s jobs numbers in the US showed the labour market remains tight says NAB’s Tapas Strickland, but its worth watching the wages data which suggests salary increases might be starting to ease.