S&P500 Futures, yields consolidate banks, China induced losses as markets brace for US inflation

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• Market sentiment improves on early Thursday amid receding fears of China deflation, risk-positive news from US.
• S&P500 Futures print mild losses after refreshing monthly low.
• US Treasury bond yields remain pressured as markets await US inflation data.
• Moves by global rating agencies, Italy joined looming default of China’s top realtor to previously fuel risk aversion.

The risk appetite surprisingly improves a bit on early Wednesday as market players seek solace in China’s mixed inflation data, as well as receding fears of the Sino-US tussles. Even so, the looming concerns about the global banking sector and real estate players from Beijing prod the optimists ahead of the key US inflation clues.