FXStreet (Delhi) – Research Team at ANZ, lists down the key overnight global events that made the impact on global economic front. Key Quotes “The IMF has announced that the Chinese RMB will join its SDR basket effective from 1 October 2016. The RMB joins the USD, EUR, GBP and JPY in the basket and the IMF has said the yuan will have a 10.92% weighting.” “UK mortgage approvals for October were solid at 69.6k vs 69k in September and the level of mortgage lending was unchanged at GBP3.6bn. The data are good news for the recovery where growth looks set to rise by about 2.5% next year.” “UK consumer credit, at GBP1.2bn, was a touch weaker than expected (GBP1.3bn) but nothing to get concerned about.” “German EU harmonised inflation printed right on expectations, up 0.1% m/m and 0.3% y/y in November. That follows earlier disappointing Italian data (-0.5% m/m, 0.1% y/y) offsetting yesterday’s Spanish lift and keeping pressure on the ECB for additional monetary easing this week.” “Bond markets were generally quiet ahead of this week’s key events. There was a mild sell-off in core euro area bonds, with German and French 10-year yields rising 1.3bps and 1.5bps respectively. Broadly similar moves were experienced by the periphery. Moves for US Treasuries were mixed, with the curve flattening. At the time of writing, the US 10-year yield was down 0.5bps to 2.21%.” “Ahead of this week’s annual OPEC meeting, oil prices initially posted a modest bounce, although gains are currently being pared. At the time of writing, WTI futures were up 0.2% to US$41.9/bbl, while Brent oil futures were down 0.2% to $44.7/bbl.” For more information, read our latest forex news.