Oil Prices Rebound as Trump Orders Blockade of Sanctioned Venezuelan Tankers 
Bank of Korea Downplays Liquidity’s Role in Weak Won and Housing Price Surge 
BoE Set to Cut Rates as UK Inflation Slows, but Further Easing Likely Limited 
Korea Zinc to Build $7.4 Billion Critical Minerals Refinery in Tennessee With U.S. Government Backing 
New Zealand Budget Outlook Shows Prolonged Deficits Despite Economic Recovery Hopes 
RBA Unlikely to Cut Interest Rates in 2026 as Inflation Pressures Persist, Says Westpac 
U.S. Stock Futures Edge Higher as Micron Earnings Boost AI Sentiment Ahead of CPI Data 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Silver Prices Hit Record High as Safe-Haven Demand Surges Amid U.S. Economic Uncertainty 
The German bunds gained during European session Friday as investors have shrugged off the higher-than-expected Ifo business climate index for the month of April, released today.
The German 10-year bond yields, which move inversely to its price, slumped 2 basis points to 0.44 percent, the yield on 30-year note also fell nearly 2 basis points to 1.16 percent and the yield on short-term 3-year traded 1 basis point lower at -0.52 percent by 09:30GMT.
German business confidence was unchanged in May after falling for five straight months, a survey showed on Friday, suggesting the mood among company executives in Europe’s biggest economy is steady despite the spectre of a global trade war.
The Munich-based Ifo economic institute said its business climate index held steady at 102.2, slightly beating a Reuters consensus forecast for a reading of 102.0.
Meanwhile, the German DAX traded 1.00 percent higher at 12,981.62 by 09:30GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at 36.56 (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
