U.S. Stock Futures Rise as Markets Brace for Jobs and Inflation Data 
Asian Stocks Slip as Tech Rout Deepens, Japan Steadies Ahead of Election 
Trump Lifts 25% Tariff on Indian Goods in Strategic U.S.–India Trade and Energy Deal 
India–U.S. Interim Trade Pact Cuts Auto Tariffs but Leaves Tesla Out 
China Extends Gold Buying Streak as Reserves Surge Despite Volatile Prices 
RBI Holds Repo Rate at 5.25% as India’s Growth Outlook Strengthens After U.S. Trade Deal 
Lee Seung-heon Signals Caution on Rate Hikes, Supports Higher Property Taxes to Cool Korea’s Housing Market 
Australian Household Spending Dips in December as RBA Tightens Policy 
Trump’s Inflation Claims Clash With Voters’ Cost-of-Living Reality 
U.S.-India Trade Framework Signals Major Shift in Tariffs, Energy, and Supply Chains 
The U.S. Treasuries remained lower Monday ahead of the Federal Open Market Committee’s (FOMC) members Bostic, Harker and Kashkari’s speech scheduled for today at 12:15GMT, 14:05GMT and 17:30GMT respectively.
The yield on the benchmark 10-year Treasuries rose 1 basis point to 3.07 percent, the super-long 30-year bond yields remained tad higher at 3.21 percent and the yield on the short-term 2-year traded 2 basis points higher at 2.57 percent by 10:50GMT.
Wednesday will bring the minutes from the April FOMC meeting, perhaps casting some light on prospects for next month’s meeting (although they will predate recent softer-than-expected wage and CPI reports). There are also several FOMC members scheduled to speak publicly throughout the week, starting with Bostic, Harker, and Kashkari today, and including Chairman Powell at the end of the week.
Data-wise, a mixed bag of releases kicks off with the Chicago Fed national activity index today and the Richmond Fed’s manufacturing survey tomorrow, followed by the flash May manufacturing and services PMI and April new home sales on Wednesday. On Thursday, the April existing home sales report will be the main focus along with the usual weekly claims data.
Lastly, the week concludes with the advance durable goods orders report for April and final University of Michigan consumer survey outcome for May. As far as the former is concerned, lower aircraft sales will likely weigh on headline orders. Of greater interest will be core capex orders, which have broadly tracked sideways in recent months following a solid lift in Q3 2017.
Meanwhile, the S&P 500 Futures rose 0.58 percent to 2,728.75 by 11:05GMT, while at 11:00GMT, the FxWirePro's Hourly Dollar Strength Index remained neutral at 13.28 (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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