Stronger than expected data such as U.S. PMI and non-farm payrolls pushed up U.S. bond rates and the dollar. Stocks rose sharply after Friday night's nonfarm payrolls data, which suggested a resilient labor market could support the Federal Reserve keeping interest rates higher for longer. Supply and demand + US dollar factors affected the price of crude oil fell sharply, and the concern about the energy component to pull up inflation weakened. Fears of overshooting inflation eased further. The US inflation data due out today and tomorrow night will be of particular interest.