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.

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 his explanation of today’s Morning Call podcast.

The rise in shares this year might have given investors vertigo, says NAB’s Gavin Friend, but the main reason for a fall in equities this week has been rising evidence of mounting inflation.

Inflation concerns continue to grow. NAB’s Rodrigo Catril explain why this hits tech stocks so hard. Plus a look ahead to tonight’s Aussie budget, and why cable has had such a good session.

There are mixed views on the cause of the poor jobs recovery in the US. NAB’s Tapas Strickland says some see the stimulus as disincentive to look for work, whereas the markets have taken it as a sign that the Fed’s cautious approach is warranted.

A big increase in the BoE’s forecasts for the UK. But, NAB’s David de Garis said, like the Fed, they see inflation as temporary. Let’s not get carried away, said Andrew Bailey. Meanwhile, jobs are the focus with non-farm payrolls in the US tonight.

ISM numbers form the US highlight the rising cost of supply. As the UK economy recovers will the BoE today see less need to continue with its current rate of bond buying. It’s line ball says NAB’s Gavin Friend.

Janet Yellen slips back into her old job, RBA ups forecasts, Aussie slides on strengthening dollar and RBNZ financial stability report today. NAB’s David de Garis takes us through it all.

With demand outstripping supply, there’s no doubt inflation is coming, says NAB’s Rodrigo Catril. The question is how big and for how long?

Stocks took a hit on Friday, in part because of month ends, but also because of rising cautiousness on share prices says NAB’s Tapas Strickland. Hopes are high for economic recovery, though, with more taper-talk noises coming from central banks.