The week in review

Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic recovery. The rally interrupted a three-day rout for stocks globally, as market jitters over accelerating U.S. inflation were calmed by Federal Reserve officials reiterating that price pressures from the reopening of the economy would prove transitory. In cryptocurrencies, bitcoin recovered to just below $50,000 on Friday, after plunging to a 2-1/2-month low of $45,700 in the previous session when a media report of a regulatory probe into crypto exchange Binance added to pressure from Tesla CEO Elon Musk's reversing his stance on accepting the digital currency. To review the week that was Michael Avery is joined by Warwick Lucas Chief Investment Officer at Galileo Asset Managers and Raymond Parsons, professor in the School of Business and Governance at North West University