The Aussie dollar is down. NAB’s Rodrigo Catril says it took two hits – first the reports of a ban on Aussie coal by China, secondly, caution from the US as the end of stimulus hopes sink in.
Equities bounced back in the US today, as attention switches beyond temporary inflation to the US getting back to work. All the signs we are seeing are that the US is reopening, say David de Garis. https://t.co/PGhGeZ6DH2
US CPI numbers came in much higher than expected, with a swift market reaction. NAB’s David de Garis says the bond market reaction has been mature, but you could argue that the equity market has overreacted. Listen to why: https://t.co/UbdAjb9zja