Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
Gold and Silver Prices Rebound After Volatile Week Triggered by Fed Nomination 
Japanese Pharmaceutical Stocks Slide as TrumpRx.gov Launch Sparks Market Concerns 
South Africa Eyes ECB Repo Lines as Inflation Eases and Rate Cuts Loom 
U.S. Stock Futures Slide as Tech Rout Deepens on Amazon Capex Shock 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Dollar Near Two-Week High as Stock Rout, AI Concerns and Global Events Drive Market Volatility 
Bank of Japan Signals Readiness for Near-Term Rate Hike as Inflation Nears Target 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
Fed Governor Lisa Cook Warns Inflation Risks Remain as Rates Stay Steady 
The U.S. Treasuries lost amid a silent trading session that witnessed data of little economic significance and despite disappointment in the country’s labour market report for the month of May, released end of last week.
The yield on the benchmark 10-year Treasury, jumped 2-1/2 basis points to 2.18 percent, the super-long 30-year bond yields climbed 2 basis points to 2.83 percent and the yield on short-term 2-year note traded nearly 1-1/2 basis points higher at 1.30 percent by 10:50GMT.
Friday’s US nonfarm payrolls also disappointed at 138k (well short of consensus expectations), coupled with the -66k revision to the prior two months’ data, even though the unemployment rate fell to a 16-year low of 4.3 percent.
The Federal Reserve policymakers' current forecasts on key short-term rates signalled they expect two more rate increases by year-end. Off late, the futures market implied traders priced in an 83 percent chance of a quarter-point rate increase at the Fed's June 13-14 meeting, while they saw slightly less than a 50 percent shot of another hike by the end of 2017, CME Group's FedWatch tool showed.
Lastly, Former FBI Director Comey’s testimony before a Senate Intelligence Committee is scheduled on June 8 amid investigations into the Russia probe.
Meanwhile, the S&P 500 Futures traded 0.12 percent lower at 2,435.25 by 11:10GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -61.54 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
