U.S. November CPI reinforced expectations of a rate cut next week, though a January pause remains likely. The dollar and Treasury yields rebounded in a V-shaped pattern.
The Bank of Japan suggested no rush to hike rates, sending the yen below 152. Following a steep rate cut, the Canadian dollar and bond yields turned positive.
Bitcoinreclaimed $100,000. Spot goldrose 1%to $2,720, its highest in five weeks. Oil pricesgained 2%.
In Asia, mainland Chinese equities weremixed, with consumer sectors rallying. Hong Kong stocksfell, with the$Hang Seng TECH Index (800700.HK)$down over 1%. Chinese government bond futures declined.
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