Asian Markets Mixed as RBI Cuts Rates and BOJ Signals Possible Hike 
Dollar Weakens Ahead of Expected Federal Reserve Rate Cut 
Oil Prices Rise as Ukraine Targets Russian Energy Infrastructure 
Europe Confronts Rising Competitive Pressure as China Accelerates Export-Led Growth 
U.S. Stocks End Week Higher as Markets Anticipate Fed Rate Cut 
U.S. Futures Steady as Rate-Cut Bets Rise on Soft Labor Data 
Asian Currencies Edge Higher as Markets Look to Fed Rate Cut; Rupee Steadies Near Record Lows 
The U.S. Treasury yields continued to plunge during Monday’s afternoon session, continuing the stress from last week’s tariff imposition on China by President Donald Trump ahead of today’s ISM non-manufacturing PMI for the month of July, scheduled for release at 14:00GMT.
Also, FOMC member Brainard is due to deliver a speech at 17:30GMT which shall provide further direction to the debt market.
The yield on the benchmark 10-year Treasury yield plunged nearly 9 basis points to 1.767 percent, the super-long 30-year bond yields slumped 8-1/2 basis points to 2.308 percent and the yield on the short-term 2-year plummeted 10 basis points to 1.621 percent by 12:05GMT.
Today will bring the week’s most noteworthy release in the form of July’s non-manufacturing ISM. Having declined 1.8pts in June to 55.1, a near-two-year low, the headline index is expected to report only a modest improvement at the start of Q3, Daiwa Capital Markets reported.
The remainder of the week will be much quieter for top-tier releases, with job opening figures (tomorrow), consumer credit numbers (Wednesday) and wholesale trade data (Thursday) for June, along with PPI figures (Friday) for July, with the latter likely to suggest pipeline price pressures remain subdued.
Supply-wise, the US Treasury will sell 3Y notes (tomorrow), 10Y notes (Wednesday) and 30Y bonds (Thursday), the report added.
Meanwhile, the S&P 500 Futures traded -1.37 percent lower at 2,892.62 by 12:10GMT.
