Vertigo and Inflation Fears
b'Wednesday 12th May 2021Equities have taken a tumble again in the US, with the falls broader than just tech stocks. Europe too has seen sharp falls. This risk off mood is being driven by increasing inflation concerns, as evidence mounts that supply restraints are pushing up producer prices, which will eventually be passed on to the consumer. NAB\\u2019s Gavin Friend says vertigo is another factor, shares have risen so much this year that investors are worried. There\\u2019s also discussion on the Australian budget, China\\u2019s rising PPI numbers and why the rise in European bond yields this morning?
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