US inflation data, unexpected decision by the Reserve Bank of New Zealand, corporate news
Market Reviews
• The stock market was inspired by the decline in PPI. And oil prices fell as the Iranians calmed down. US stocks are also benefiting from a weaker dollar. Markets have recovered well from recent volatility, and it is becoming clearer by the day that the recent volatility was most likely caused by the unwinding of large leveraged positions, such as yen-financed carry trades, rather than by deeper concerns about global growth. Now everyone is waiting for the US inflation report, which will be released on Wednesday and may become a test of the strength of the renewed calm in...