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Russia Stocks End Flat as Energy Shares Support MOEX Index 
Chinese Robotaxi Stocks Rally as Tesla Boosts Autonomous Driving Optimism 
The U.S. Treasuries continued to trend lower Tuesday as investors wait to watch The Federal Reserve Chair Janet Yellen’s speech, scheduled to be held today by 19:30GMT. Also, the country’s 3-year note auction, due today by 18:00GMT will add further direction to the debt market.
The yield on the benchmark 10-year Treasury rose nearly 1-1/2 basis points to 2.33 percent, the super-long 30-year bond yields surged close to 1 basis point to 2.80 percent and the yield on short-term 2-year note traded tad higher at 1.62 percent by 10:55GMT.
Ahead of a thin data calendar in the post-US payrolls week, the focus will probably center on US President Donald Trump’s Asian tour that started in Japan. Moreover, the House of Representatives is expected to vote on a final draft of the tax plan towards the end of the week, while the Senate will also release its own version of the tax plan.
The September BLS JOLTS survey will be released today, together with the Fed’s September consumer credit data. The weekly jobless claims and September wholesale trade survey are due Thursday, followed on Friday by the preliminary University of Michigan consumer survey for November. And, in the bond market, the Treasury will auction 3-year notes on Tuesday, 10-year notes on Wednesday and 30-year bonds on Thursday.
The focus in the US seems likely to remain on the Republican tax reform proposals, with non-negligible concerns about the overall impact on the deficit as well as the likely opposition from those groups set to lose out from the proposed changes representing significant obstacles to progress. Meanwhile, the coming week’s US economic diary is significantly lighter than in the past week, as is often the case following an employment report that was released early in the month.
Meanwhile, the S&P 500 Futures traded flat at 2,588.62 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -35.78 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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