Macro Morning

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By Chris Becker

Uncertainty is ruling risk markets once more as interest rate normalcy reared its ugly head again overnight with the release of the FOMC minutes, sending the USD and Treasury yields higher. Lingering concerns about the lack of inflation are impacting stocks with the three major US bourses all falling in response taking other risk assets like oil down with them.

The data calendar is again relatively quiet today with no releases although there are several earnings releases locally, namely Qantas and Westfield to watch out for.

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