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b'Monday 24th May 2021There was a strong set of numbers at the end of the week; PMI reads were generally good, UK retail bounced back and vaccines, we\\u2019re told, will do a good job against the current mutations of COVID-19. But the Euro lost ground on Friday as Cristine Lagarde refused to commit to any schedule for talking tapering, whilst support for tapering sooner rather than later is gathering some momentum in the US. Inflation continues to be a hot topic, with more evidence of rising costs in the PMIs. NAB\\u2019s Tapa Strickland says the survey highlights how many companies are expecting to pass the costs on. What will rising prices and a string economic recovery do for Biden\\u2019s hopes for a massive infrastructure spending program?

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