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b'Tuesday 24th May 2022A bounce back in equities and a better-than-expected IFO read from Germany. For today at least we\\u2019re seeing the return of some risk sentiment, as money piles into equities and bonds are sold off, pushing yields higher. NAB\\u2019s Taylor Nugent says there wasn\\u2019t anything obvious to prompt this risk turnaround, except perhaps some positive words from Joe Biden about the potential easing of tariffs with China. That might paint a happier long-term picture, but supplies from China remain an issue, with Beijing seeing an increase in COVID cases. Oil continues to be pulled in all directions, even as it becomes clear that Russian oil sanctions are having little effect. It\\u2019s PMI day today \\u2013 perhaps we\\u2019ll see some upside surprises to add to the upbeat sentiment.

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