Headlines:
Markets:
- JPY leads, AUD lags on the day
- greater European equality; S&P 500 futures up 0.1%
- US 10-year yield up 2.7 bps to 4.679%
- Gold up 0.3% to $2,702.83
- WTI crude fell 0.5% to $80.04
- Bitcoin was down 0.5% to $99,212
It was a quieter session with only a few light market movements in general. All eyes remain on more US data to come, with retail sales and weekly jobless claims still on the table this week.
The dollar keeps more mixed because it is trading higher against the rest of the main block currencies but lower only against the yen.
USD/JPY is down 0.2% to 156.10 but fell as low as 155.20 earlier in Asian trade. That comes as traders are also becoming more cautious about a possible BOJ rate hike next week. The drop in bond yields after the US CPI report yesterday was also another factor but yields are bouncing back a bit today.
The greenback in general is not hurt too much outside of the yen on the inflation numbers. EUR/USD continues to hold below 1.0300 with GBP/USD down again to test waters below 1.2200. Meanwhile, USD/CAD is up 0.3% to 1.4385 and AUD/USD is down 0.5% to just below the 0.6200 level on the day.
In other markets, equities are still encouraged after yesterday's gains with European indices higher against US futures. The latter are seeing gains cut ahead of the open but for now, market sentiment is still in a slightly more upbeat spot on the balance of the week.
In terms of commodities, gold remains the base this month as it is now running up to a test of the $2,700 mark. The precious metal remains hot to start the new year and is already close to up 3% in January so far.
