US CPI in focus this week
• Positive vibes. Risk markets have started the new week on firmer footing. US equities rose & the yield curve steepened. The USD consolidated.• Regional data. AUD has found some support. Today, Australian consumer & business sentiment is released, as is the China trade data.• US CPI. The latest US inflation read is in focus this week. Base-effects are no longer as favourable. A US inflation surprise could rattle market nerves. Risk sentiment started the new week on the front foot. US equities recovered some lost ground. The S&P500 rose 0.9% overnight, though this follows last week’s 2.3% fall (the...