Inflation jumps again in the US. Bank of Canada on track to consider late 2022 hike. UK industrial production falls. ECB extends “steady hand” policy stance, upgrades forecasts. Japan’s Q1 GDP revised slightly higher. Australian consumer confidence still near record high.
Modest gains for equities. Bond yields narrow everywhere, but especially in Italy and Australia. The dollar moves higher. Oil gains again, gold ends volatile week lower.
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