Measures of volatility are broadly lower on more positive sentiment surrounding potential for vaccines effectiveness around the Omicron variant

volatility

Dollar finding bids on anticipation of a hot CPI print later today

CPI

Commodities slightly off the boil from recent recovery highs

Copper

Yields up. US yields rising in antcipation of the Fed's hand being pushed by a hot CPI today. 3 hikes currently priced in for next year.

US 02

Finally, stocks off highs, but the broader recovery has been marked with the S&P500 able to get back to pre-Thanksgiving levels

US

In summary markets are just flat with not much to drive them.

Major drivers remain Omicron variant headlines and Fed policy expectations.