Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Oil Prices Rise as U.S. Strikes on Iran Raise Strait of Hormuz Supply Fears 
Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
US Stock Futures Hold Steady as Soft Inflation Data Eases Fed Rate Hike Fears 
Asian Stocks Rise as Softer U.S. Inflation Boosts Sentiment Despite Middle East Tensions 
IEA Warns China Rare Earth Export Curbs Could Threaten $6.5 Trillion in Global Production 
Gold Price Holds Near Record High as Cooling U.S. Inflation Offsets Fed Caution 
Gold Prices Fall Amid Rate Jitters; Copper Steady as China Stimulus Eyed 
Asian Currencies Hold Steady as Middle East Tensions Offset Weaker US Dollar 
The German bunds remained narrowly mixed Friday as investors remained sidelined in any major trading activity amid lack of economic data that carried major significance. Also, United States President Donald Trump-initiated trade war worries weighed on investors’ sentiments, dragging them towards safe-haven assets.
The German 10-year bond yields, which move inversely to its price, fell 1 basis point to 0.52 percent, the yield on 30-year note slipped nearly 1-1/2 basis points to 1.15 percent and the yield on short-term 2-year too traded tad lower at -0.58 percent by 09:55GMT.
Growing fears of a global trade war shook stock markets this morning after Beijing threatened to impose retaliatory tariffs on $3 billion worth of US goods.
Following swiftly after yesterday’s announcement by President Donald Trump of potential further tariffs on USD60 billion worth of Chinese imports, China said the tariffs it is considering are in response to Washington’s position on steel and aluminum, announced two weeks ago, and which are due to take effect today, The Times reported.
Meanwhile, the German DAX slumped 2.16 percent to 11,842.29 by 09:55GMT, while at 09:00GMT, the FxWirePro's Hourly Euro Strength Index remained neutral at -0.95 (higher than +75 represents bullish trend). For more details, visit http://www.fxwirepro.com/currencyindex
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