Global events in focus
• Upbeat tone. US S&P500 closed at a record high. Base metals prices lifted. The USD drifted a little lower & the AUD clawed back a bit more ground.• Bond yields. US yields were, on net, little changed. Ahead of the blackout period a few Fed members spoke. Odds of a March rate cut below ~50%.• Event radar. Offshore, the macro focus this week will be on the BoJ, Q4 NZ CPI, the Eurozone PMIs, ECB decision, Q4 US GDP, & US PCE deflator. The relatively more upbeat mood in markets continued Friday with the tech sector inspired upswing in...