Asian Stocks Rally as Cooling U.S. Inflation Boosts Fed Rate Cut Hopes 
Australia Consumer Sentiment Rises in July as Fuel Price Relief Lifts Confidence 
Japanese Yen Holds Steady as Intervention Hopes Grow Ahead of U.S. CPI Data 
Goldman Sees Foreign Investors Driving India Stock Market Recovery 
China Home Prices Fall Again in June Despite Slower Pace of Decline 
Dollar Rises as Middle East Conflict Fuels Inflation and Rate Hike Fears 
South Korea Central Bank Set to Raise Interest Rates as Inflation Stays Elevated 
China Q2 2026 GDP Misses Forecast as Weak Domestic Demand Offsets Export Strength 
European Stocks Slip as Middle East Tensions and Hormuz Threat Rattle Markets 
The U.S. Treasuries climbed Monday on worries over the country’s delayed tax reform plan until at least 2019. Also, investors are awaiting the Federal Reserve Chair Janet Yellen’s speech, scheduled to be held on November 14 by 10:00GMT.
Also, the producer price-led inflation index, due later through the same day will add further direction to the debt market.
The yield on the benchmark 10-year Treasury slumped 2-1/2 basis points to 2.37 percent, the super-long 30-year bond yields plunged 3 basis points to 2.85 percent and the yield on short-term 2-year note traded 1/2 basis point lower at 1.65 percent by 10:50GMT.
It will be a similarly busy week in the US, with Wednesday’s retail sales and inflation releases for October taking center stage. After a big increase in the previous month, retail sales are likely to have eased back a little. Meanwhile, the headline CPI rate looks set to have moderated from 2.2 percent y/y in September, but the core rate is likely to have remained unchanged.
More inflation-related indicators will be released on other days – PPI data are due on Tuesday, while import and export prices indices will come out on Thursday alongside October industrial production. Among the survey data, we will receive the NFIB small business sentiment (Tuesday), the Empire State manufacturing business conditions (Wednesday) and the Philadelphia Fed Business outlook (Thursday) surveys. And there will be a number of Fed speakers in the coming week, including voting members Yellen, Evans, and Kaplan.
Meanwhile, the S&P 500 Futures traded 0.07 percent down at 2,577.75 by 10:55GMT, while at 10:00GMT, the FxWirePro's Hourly Dollar Strength Index remained slightly bearish at -93.71 (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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