Markets Today

Global markets are under pressure as high US CPI data and UK political turmoil drive bond yields and the USD higher. Equity markets, particularly tech-heavy indices, have declined in response to rising rates and geopolitical uncertainty.

Key Takeaways

• 1.US CPI inflation exceeded expectations in April, with headline inflation reaching a three-year high of 3.8% y/y.
• 2.Global risk sentiment has weakened due to stalling Middle East peace talks, persistent inflation, and falling semiconductor stocks.
• 3.UK political instability has pushed 10-year Gilt yields to 5.10% and 30-year rates to levels not seen since 1998.

Table of Contents

• Events Round-Up
• Good Morning
• Coming Up
• Currencies
• Other FX
• Equities
• Commodities
• Interest Rates
• Carbon Price
• Policy Meeting Run
• NZ BKBM and Swap Yields
• NZ Inflation-Indexed Bonds
• Contact Details

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