Swings & roundabouts
• Vol. continues. Intra-session market swings. US/European equities ended the day lower. AUD & NZD nudged up. US data & election on the horizon.• Rates repricing. Positive EZ GDP & higher regional inflation saw ECB rate cut bets pared back. US GDP also solid. Bond yields rose, with EUR ticking up.• AU CPI. Headline inflation back in RBA’s band. This is because of government measures. Core CPI still above. RBA expected to hold next week. Intra-session volatility continued across markets yesterday as participants reacted to the incoming macro news flow. European and US equities ended the session lower (EuroStoxx50 -1.3%,...