Market action has been very contained overnight, with small moves down in oil, glacial moves for currencies and bonds and share moves largely confined to US infrastructure plays. NAB’s Gavin Friend joins Phil to discuss yesterday’s US inflation data which, although rising, was no worse than expected. Hence the muted response. Today the focus will be on US PPI and what the RBA’s Christopher Kwent has to say on a livestreamed fireside chat this morning.
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