It was another Turnaround Thursday
Friday 21st May 2021Equities bounced back in the US and Europe as markets re-evaluated the comments about the timing of tapering in this week's FOMC minutes. The US dollar is also lower, along with bond yields. NAB\u2019s Gavin Friend points out that this is the third turnaround Thursday in a row. Will it become habit forming? On today\u2019s podcast more discussion about differing attitudes to inflation, plus a look at yesterday\u2019s job numbers in Australia and a look ahead to today\u2019s flash PMI numbers for many parts of the world.
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