Daily Alert: Markets move sideways as global recovery gains momentum

  • Markets traded in a sideways fashion heading into the weekend.
  • San Francisco Fed President Daly (2021 voter) stuck to the script, viewing the pick-up in US inflation to be temporary (cooling over 2022), noting that US monetary policy settings were in a good place and that policy makers needed to be patient.
  • The May RBNZ MPS at 2pm on Wednesday is the key NZ highlight.

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