Indian Refiners Scale Back Russian Oil Imports as U.S.-India Trade Deal Advances 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Singapore Budget 2026 Set for Fiscal Prudence as Growth Remains Resilient 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
Russian Stocks End Mixed as MOEX Index Closes Flat Amid Commodity Strength 
The German bunds traded narrowly mixed Monday ahead of a meeting of the Eurogroup ministers later in the day. Also, investors remain focused to watch the country’s first-quarter gross domestic product (GDP) data, scheduled to be released on May 23 for further direction in the debt market.
The yield on the benchmark 10-year bond, which moves inversely to its price, hovered around 0.38 percent, the long-term 30-year bond yields rose 1 basis point to 1.21 percent while the yield on the short-term 2-year bond traded nearly 1 basis point lower at -0.68 percent by 08:40 GMT.
With developments in the US continuing to dominate market attention, today’s meeting of euro-area finance ministers is only likely to offer a minor distraction. Late last week, the Greek parliament approved a new round of austerity measures, paving the way for Eurogroup finance ministers to conclude the second review of its bailout program at today’s meeting.
Hard data releases include the second estimates of German and Spanish Q1 GDP, due tomorrow on Tuesday and Thursday respectively. But they are unlikely to bring any notable changes from the preliminary readings; growth is likely to remain unrevised in both countries, at 0.6 percent q/q and 0.8 percent q/q respectively. Beyond the data-flow, ECB President Draghi will be speaking on Wednesday at a Madrid conference on financial stability.
Meanwhile, the German stock index DAX Index rose 0.09 percent to 12,650.00 by 08:50 GMT, while at 08:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -45.70 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
