Markets out of steam on inflation day
b'Wednesday 10th November 2021There\\u2019s been a move away from risk assets. It could just be equity markets running out of steam after a particularly strong rally, but a Financial Stability Report from the fed warning of \\u201cperilous lunges for risky assets\\u201d probably didn\\u2019t help. NAB\\u2019s Ray Attrill says it\\u2019s hard to join all the dots right now about why the mood has shifted, but inflation continues to be a concern. It was reflected in the NFIB small business report, along with difficulties in obtaining staff. There\\u2019s optimism in Australia though, evidenced by the NAB Business Survey yesterday. Today, US CPI will be the focus, along with producer prices from China. Two key numbers for inflation watchers.
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