Daily Alert: Budget 2021 to add oomph to the upturn

  • There weren’t too many bolts from the blue from Budget 2021.
  • Globally overnight, markets have generally reversed the Fed minutes-induced movements of yesterday, as investors deduced that Fed tightening is still a long way off.
  • The clear highlightof the day will be the release of May ‘flash’ PMIs released around the world, starting with Australia at 11am (NZ time).

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