Wednesday 3rd May 2023

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The RBA’s decision to lift rates seems to have kicked off a turbulent period on global markets. The US kicked off with big drops in oil prices, plunging share prices and rising bond yields. Not because eof the RBA. NAB’s Tapas Strickland talks us through the uncertainty in the US on the eve of the FOMC meeting, with more bank worries and falling US job openings – with fewer quits and more layoffs. The ECB meeting isn’t far behind. We digest the latest inflation numbers for the Eurozone. And on the RBA, was that the last rise, or has it laid the path for more?

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Jolts from jobs, banks and the RBA