Thursday 31st May 2018

The markets have retreated somewhat from yesterday’s tumultuous response to uncertainty over who will govern Italy, and their stance on the Euro and EU membership. It’s not over yet, but as NAB’s Tapas Strickland discusses with Phil Dobbie, the parties seem more conciliatory and investors seem to think the response was too great yesterday. Hence, this morning has seen a significant wind back. They also discuss the next big concern – inflation could be rising faster than had been expected. That could mean rate rises sooner than later, with the OECD suggesting a hike in Australia before the end of the year. Are they right on that?