Markets Today: China reopening, Americans shopping, Brits working
The UK’s unemployment rate fell to it’s lowest level since 1974 and along with a further pickup in average earnings growth, now see money markets pricing 125bps of BOE rate hikes by December.
Markets Today: US inflation numbers hit shares, bond markets more restrained
Another volatile session in markets with an upward surprise in the April US inflation data release adding an extra layer of uncertainty
Markets Today: A momentary lapse of reason
Decline in inflation expectations drive core global bond yields lower with further fall in oil prices helping the move.
Markets Today: The week central banks get serious
The NASDAQ recorded its worst monthly performance in more than a decade.