UK calmer, US stocks fall, yields rising on hawkish Fed & ECB
Things have calmed down in the UK, but NAB’s Tapas Strickland says the uncertainty isn’t over yet. Elsewhere, stocks are taking a hit and bond yields keep rising as inflation shows little sign of easing and central banks get ever more hawkish.
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Show Notes
Friday 30th September 2022
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Things are calmer in the UK because the Prime Minister has agreed to get the numbers to support last week’s budget. Whilst that’s helped the pound a little, yields continue to rise. NAB’s Tapas Strickland says the volatility is far from over in the UK. Elsewhere there’s rising concern over inflation, which is showing little signs of easing, with central banks (the Fed and ECB in particular) continuing their hawkish tilt. That’s hit US stocks hard today. Also on today’s podcast a look at yesterday’s monthly CPI umbers for Australia and a look ahead to European inflation data today.
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