Trump Suspends Iran Strikes for Two Weeks as Ceasefire Talks Begin 
Xi Jinping Pushes Demand-Driven Strategy to Modernize China's Service Sector 
Oil Prices Rise Amid Strait of Hormuz Tensions and U.S.-Iran Talks 
China's Inflation Data Misses Forecasts as Consumer Prices Slow in March 
U.S. Inflation Surges in March as Iran War and Tariffs Drive Prices Higher 
Foreign Investors Pour $18.65 Billion into Japanese Stocks Amid Market Stabilization 
U.S. Futures Dip as Iran Ceasefire Faces Early Challenges 
Oil Prices Crash Nearly 15% After Trump-Iran Ceasefire Deal 
Gulf Ceasefire Cracks Rattle Asian Markets and Push Oil Prices Higher 
U.S.-China Trade Talks: Trump and Xi Set for Summit Amid Rare Earths Focus 
Gold Prices Dip Amid Middle East Uncertainty and Inflation Fears 
Japan Consumer Confidence Drops Sharply Amid Rising Fuel Costs and Middle East Tensions 
The U.S. Treasuries remained flat as investors wait to watch the country’s manufacturing PMI, scheduled to be released on August 1 amid a silent session that witnessed data of little economic significance. Also, the ADP non-farm employment change data, due for release on August 2 will provide further direction to the debt market.
The yield on the benchmark 10-year Treasury, hovered around 2.29 percent, the super-long 30-year bond yields steady at 2.89 percent and the yield on the short-term 2-year note too traded flat at 1.35 percent by 11:40GMT.
The majority of global equity indices traded higher on Monday, shrugging off North Korea’s latest missile test late on Friday and the US response that followed on Sunday flying two supersonic bombers over the Korean Peninsula. In FX markets, the DXY dollar index fell 0.6 percent on Friday after slightly softer than expected GDP and labour data.
It will also be a busy week for top-tier releases in the US. Likely of most interest will be Friday’s employment report, which is expected to report an increase of around 180k in July, a touch weaker than in June but bang in line with the average for the year to date. But while the unemployment rate is forecast to have edged back down to its more than 16-year low of 4.3 percent reached in May, average labour earnings are set to have remained subdued at around 2-1/2 percent y/y.
Other noteworthy releases will be July’s manufacturing ISM and vehicle sales data and June’s monthly personal income and spending data, including the associated closely-watched deflators, and construction spending figures (tomorrow), the July ADP employment report (Wednesday), July’s non-manufacturing ISM and Challenger Job Cuts and June factory orders (Thursday) and June’s full trade report (Friday).
Meanwhile, the S&P 500 Futures traded 0.12 percent higher at 2,473.00 by 11:50GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at -53.17 (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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