USD/CNH tracks near 7.0840 in early Friday dealings, sitting off recent highs near 7.1000. CNH gained a modest 0.11% for Thursday's session, while USD/CNY spot finished up at 7.0765. The CNY CFETS index tracker was unchanged at 99.38, with broader USD sentiment stabilizing somewhat amid mixed US data outcomes and lower short end Tsy yields. 

• For USD/CNH the pair remains wedged between the 20-day EMA 7.0680, while on the topside the 50-day is close to 7.1075.
• In the equity space, the CSI 300 index finished up a little over 1% in Thursday trade, which is just under 4000 in index terms 9highs were closer to 4100).  In Thursday US trade the Golden Dragon index rose 0.30%, after falling a cumulative 8.15% in the prior 2 sessions.
• Focus remains firmly on tomorrow's MOF fiscal policy briefing, in terms of the broader China asset market outlook.
• Some sell-side names have noted fresh policy initiatives may not be forthcoming, given that they have to be approved by the NPC standing committee, which meets later this month.
• Note we also get Sep inflation figures on Sunday. The market expects a steady CPI at 0.6%, but PPI is forecast to fall to -2.6% y/y from -1.8% prior.