US CPI boosts sentiment
• Inflation trends. Softer US & UK core CPI weighed on bond yields & supported risk sentiment overnight. The backdrop helped AUD & NZD edge higher.• AU jobs. Monthly labour force data due today. There is a risk of payback after a strong report last month. Softer figures could bolster RBA rate cut bets.• Data & politics. US retail sales out tonight. China data batch released tomorrow. Next week focus will be on the US Presidential Inauguration. Global TrendsUS and UK inflation was in focus overnight and downside surprises generated a ‘relief rally’ in some of the recently beaten-up markets....