U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Yen Near Lows as Markets Await Bank of Japan Rate Decision, Euro Slips After ECB Signals Caution 
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Oil Prices Climb on Venezuela Blockade, Russia Sanctions Fears, and Supply Risks 
Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
The German 10-year bund yields slumped to lows seen since a year ago in April 2017, tracking the growing intensity of political uncertainties in the Italian economy, with the Italy-bund yield spread widening to highest since October 2013. This indicates that the burgeoning political massacre in the former has led to investors shift safe-haven interests to German bunds.
The German 10-year bond yields, which move inversely to its price, plunged 9-1/2 basis points to 0.25 percent, the yield on 30-year note slumped nearly 8-1/2 basis points to 0.97 percent and the yield on short-term 2-year traded 7-1/2 years low to -0.80 percent by 09:45GMT.
Spreads between Italian 10-year government bonds (BTPs) and German Bunds of the same maturity clocked in at 2.53 percentage points on Tuesday, from 2.34 the previous day and 1.22 at the end of April.
After the collapse this weekend of a coalition of two populist parties, early elections are now expected to be called this autumn. The concern among analysts besides the immediate political uncertainty is that fresh polls could provide a Eurosceptic party with a firm mandate to take a more confrontational stance with the EU and push for fiscal policies that could break rules set by Brussels, Financial Times reported.
Meanwhile, the German DAX slumped 1.75 percent to 12,644.67 by 09:50GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained highly bearish at -142.67 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
Lastly, FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest
