US continues a slow recovery, Europes mounting issues
b'Friday 19th November 2021US equities have bounced back a little today, but, as NAB\\u2019s Gavi Friend describes, it\\u2019s been a session without significant event risk or data flow. Equities and bond yields have been stable compared to recent volatility, with the tech sector contributing to equity rises, including news of Apple\\u2019s self-drive car. Some companies are also reporting easing of supply chain difficulties. Those issues have certainly been holding back the speed of recovery, evidenced again by higher prices in the Philly Fed\\u2019s manufacturing index and a slowdown in the reduction of weekly jobless claims. If supply chains recover and jobs growth picks up, will inflation subside. That continues to be the view of the ECB, with Philip Lane reiterating it again overnight. Europe meanwhile has other issues to contend with \\u2013 energy supplies, rising COVID cases and a likely trade dispute with the UK.
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