Oil Prices Climb as Middle East Tensions and U.S. Inventory Data Boost Market Sentiment 
India Services Sector Rebounds in January as New Business Gains Momentum: HSBC PMI Shows Growth 
Silver Prices Plunge in Asian Trade as Dollar Strength Triggers Fresh Precious Metals Sell-Off 
Asian Markets Slip as AI Spending Fears Shake Tech, Wall Street Futures Rebound 
Dollar Steadies Ahead of ECB and BoE Decisions as Markets Turn Risk-Off 
Gold Prices Slide Below $5,000 as Strong Dollar and Central Bank Outlook Weigh on Metals 
China Services PMI Hits Three-Month High as New Orders and Hiring Improve 
U.S. Stock Futures Edge Lower as Tech and AI Stocks Drag Wall Street Ahead of Key Earnings 
Thailand Inflation Remains Negative for 10th Straight Month in January 
Trump Extends AGOA Trade Program for Africa Through 2026, Supporting Jobs and U.S.-Africa Trade 
U.S. Stock Futures Edge Higher as Tech Rout Deepens on AI Concerns and Earnings 
The United Kingdom’s gilts surged during Tuesday’s afternoon session ahead of the Bank of England (BoE) Governor Mark Carney’s speech, scheduled to be delivered today by 15:20GMT amid a silent trading day that witnessed data of little economic significance.
The yield on the benchmark 10-year gilts, slumped 3 basis points to 1.501 percent, the super-long 30-year bond yields fell 2 basis points to 1.902 percent and the yield on the short-term 2-year traded nearly 1-1/2 basis points lower at 0.755 percent by 10:30GMT.
After Sunday’s special CBI survey highlighted that a striking 80 percent of businesses have delayed or cancelled investment because of Brexit, today’s regular update of the CBI’s industrial trends survey for the month of October suggested that little has changed in the manufacturing sector over recent months, registering -6, worse than market expectations of and from September’s -1.
Indeed, the October monthly survey indices for new orders and selling prices both seem likely to remain close to the bottom of the range of the past couple of years. And the quarterly survey index for business optimism similarly seems likely to remain close to the both of the range of the past two years, albeit above the initial post-referendum reading in July 2016, Daiwa Capital Markets reported.
Meanwhile, the FTSE 100 fell 0.76 percent to 6,989.22 by 10:30GMT, while at 10:00GMT, the FxWirePro's Hourly Pound Strength Index remained highly bearish at -114.14 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
