CNY

• Positive tone. US equities higher as bond yields dip. News the US Treasury had reduced its borrowing estimates a factor. USD slips back, AUD firmer.• More vol? There is a long list of global data releases this week, with the US Fed also meeting. More bursts of short-term volatility likely.• AU data. Retail sales expected to decline as Black Friday boost unwinds. Q4 CPI (due tomorrow) likely to come in below the RBA’s thinking. It has been a relatively positive start to an action-packed week that includes US Fed and Bank of England meetings, key global releases such as...

• Mixed markets. US equities a little higher, with long-end bond yields also rising. USD firmer against EUR & GBP. AUD consolidated near ~$0.6580.• China stimulus. Reports of measures aimed at supporting equities gave Chinese stocks & CNH a shot in the arm. BoJ holds steady but gave a ‘hawkish’ hint.• NZ CPI. Headline NZ inflation slowed as expected, but domestic inflation remains sticky. AUD/NZD dipped post this mornings NZ CPI release. A varied performance across markets over the past day, though most moves have been modest. US equities ended the day higher. The S&P500 (+0.3%) is just shy of...