Thursday 24th April 2021The crawl back from last week’s FOMC surprise is more or less complete. As NAB’s David de Garis points out, Treasury yields are back to where they were just before the Fed met. Equities are back to on the rise and commodities and being driven higher by demand and supply constraints. The reflation trade is back. On today’s podcast we go through the plethora of PMIs from Europe and the US, with more data from Europe today. The Bank of England meets later. The heavily-vaccinated UK population seem to be adapting to life with the virus. Could that influence the outlook for the Bank of England later on?

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23 Jun 2021