Global Markets Slide as AI, Crypto, and Precious Metals Face Heightened Volatility 
Nikkei 225 Hits Record High Above 56,000 After Japan Election Boosts Market Confidence 
Dow Hits 50,000 as U.S. Stocks Stage Strong Rebound Amid AI Volatility 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Oil Prices Slip as U.S.-Iran Talks Ease Middle East Tensions 
Vietnam’s Trade Surplus With US Jumps as Exports Surge and China Imports Hit Record 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Australian Pension Funds Boost Currency Hedging as Aussie Dollar Strengthens 
The U.S. Treasuries plunged Thursday, after a streak of gains, as investors wait to watch the country’s initial jobless claims, scheduled to be released today by 12:30GMT. Also, Federal Open Market Committee (FOMC) members Bostic and Brainard are scheduled to deliver their speeches today by 16:30GMT and 17:00GMT respectively, which will provide further direction to the debt market.
The yield on the benchmark 10-year Treasuries jumped 2-1/2 basis points to 2.86 percent, the super-long 30-year bond yields rose 1 basis point to 3.02 percent and the yield on the short-term 2-year traded nearly 1-1/2 basis points higher at 2.42 percent by 10:40GMT.
In the US, personal income and spending data for April, which include monthly PCE deflators are the most important data release. Core PCE deflator will probably advance only marginally and that should leave its annual pace moderating after an increase to 1.9 percent y/y in the previous month.
Meanwhile, the S&P 500 Futures slipped 0.05 percent to 2,723.75 by 10:40GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -90.30 (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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