US stocks mixed overnight, closing mostly flat after clawing back steep losses in early trade after strong jobs data revealed a still-tight labour market, supporting bets for another Fed hike in May while the yen weakened after the new BoJ governor vowed to maintain an ultra-loose policy. Trading was light as markets were closed in Europe, Australia and Hong Kong for Easter. Focus now shifting to the CPI report due Wednesday and the first round of companies reporting Q1 financial results for further clues about the economy's health and likely future of interest rate hikes. Future show a 71.1% likelihood that the Fed will hike rates by 25bps to 5-5.25% next month. Dow Jones up 101 points (+0.30%) closing near highs. Dow up 105 at best, and down 142 at worst. S&P 500 up 0.10%. NASDAQ down 0.03%. VIX Volatility Index up 3.1%. SPI Futures are up 9 points (+0.12%).

• Bond vigilantes are back as debt matters again.
• Goldman Sachs to pay $15m fine for swap disclosure violations.
• Funds dump 10-year Treasuries, eye steeper U.S. curve.
• Apple supplier Japan Display teams up with China's HKC as seeks turnaround.
• OpenAI CEO considers opening office as Japan govt eyes adoption.
• World Bank chief raises 2023 global growth outlook slightly, eyes debt progress.
• New BOJ chief vows to stick to ultra-loose policy for now.
• Gloomy U.S. bank sector could yield payoff for contrarian options bets.
• Peru will mine more copper in 2023, lithium permits pending.
• Oil settles lower as rate-hike worries balance tighter supplies.
• China ends Taiwan drills after practising blockades, precision strikes.
• Ukraine battles rage, Kyiv reported to rethink counter-offensive after leak.

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