Austan Goolsbee Signals Potential for More Fed Rate Cuts as Inflation Shows Improvement 
U.S. Stock Futures Slip After CPI-Fueled Rally as Markets Weigh Economic Uncertainty 
Asian Stocks Slide as AI Spending Fears and Global Central Bank Decisions Weigh on Markets 
Asian Fund Managers Turn More Optimistic on Growth but Curb Equity Return Expectations: BofA Survey 
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike 
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations 
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty 
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves 
Dollar Holds Firm Ahead of Global Central Bank Decisions as Yen, Sterling and Euro React 
South Korea Warns Weak Won Could Push Inflation Higher in 2025 
Precious Metals Rally as Silver and Platinum Outperform on Rate Cut Bets 
The U.S. Treasury yields climbed during European session Wednesday ahead of the country’s ADP non-farm employment data for the month of March and ISM non-manufacturing PMI for the similar period, both scheduled to be released today by 17:45GMT and 19:30GMT respectively.
Also, FOMC speaker Bostic’s speech, due today at 18:00GMT might add further direction to the debt market.
The yield on the benchmark 10-year Treasury yield jumped nearly 4 basis points to 2.517 percent, the super-long 30-year bond yields surged nearly 3-1/2 basis points to 2.919 percent and the yield on the short-term 2-year traded nearly 3 basis points higher at 2.335 percent by 11:20GMT.
Despite a broadly flat session on Wall Street yesterday, moves in Asian equity markets have been positive today, with US equity futures also slightly higher and 10-year UST yields up to 2.51 percent for the first time in more than a week.
Investors appeared to have noted a report which indicated that the US and China are moving closer to a trade deal (albeit with some unresolved issues surrounded implementation and enforcement still to be sorted out) and the latest UK political developments that appear to reduce the risk of a no-deal Brexit also underpinned market sentiment towards risk assets.
The majority of Asian bourses ended to fresh multi-month highs earlier today and major European bourses retained a cautiously positive tone in early trade on somewhat easing global growth concerns following positive factory activity data from the world’s two biggest economies earlier this week.
Meanwhile, the S&P 500 Futures edged tad higher to 2,881.12 by 11:25GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 5.92 (a reading above +75 indicates a bullish trend, while that below -75 a bearish trend). For more details, visit http://www.fxwirepro.com/currencyindex
